Here’s what the Street is saying as S&P 500 crosses bear market line in pandemic shakeout

This translation has been automatically generated and has not been verified for accuracy.The S&P 500 on Wednesday was briefly down more than 20% from its Feb. 19 intraday record high, dipping under the bear market threshold after the World Health Organization classified the coronavirus outbreak as a pandemic.

The S&P firmed from its lowest level, last down 4.5% on the day, having extended losses after Reuters reported that President Donald Trump’s White House has ordered federal health officials to treat top-level coronavirus meetings as classified, which has restricted information and hampered the U.S. government’s response to the contagion, according to four administration officials.“There’s been a negative backdrop all day.

“You’ve got the virus, the collapse of energy prices earlier this week and the uncertainties over the election which has taken a back burner to the other two things. “JIM BARNES, DIRECTOR OF FIXED INCOME, BRYN MAWR TRUST, DEVON, PA.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks fall again on Wall Street as wild swings continueStocks are sinking again Wednesday, wiping out half of a huge rally from a day earlier as Wall Street continues to reel on worries about the coronavirus.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Stocks surge on Wall Street following worst day since 2008Stocks are surging on Wall Street following the market's worst day since the financial crisis of 2008. The Dow jumped nearly 800 points, or 3.3 per cent, making up less than half of its plunge from the day before. It's all just theatrics. The stock market has a life of its own, no one has the crystal ball for predictions. Day traders usually get burnt big time.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

TSX crosses into bear market territory after COVID-19 declared a pandemicCanada's main stock index crossed into bear market territory in the wake of the World Health Organization declaring the COVID-19 outbreak a pandemic. Shh Justin is looking for an appropriate outfit before addressing the nation.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Goldman Sachs: Weak profits to doom bull marketFirm further lowers its 2020 earnings forecast for S&P 500 companies
La source: globeandmail - 🏆 5. / 92 Lire la suite »