Dow Dives 1,400 Points, Entering Bear Market, As Coronavirus Fears Grow

The stock market has continued to be volatile in recent weeks over growing fears that the spread of coronavirus will push the world economy into recession.Timothy A. Clary/AFP via Getty Images

The stock market has continued to be volatile in recent weeks over growing fears that the spread of coronavirus will push the world economy into recession.Major stock indexes plunged again on Wednesday, and the Dow Jones Industrial Average was down more than 20% from its peak in February. The meant that the blue chip index entered bear market territory, ending its 11-year winning streak.

The blue chip index fell 1,464 points, or nearly 5.9%. The S&P 500 slid 4.9% and the Nasdaq lost 4.7% — and put those indexes down 19.2% from their peaks.2008 amid fears that the growing spread of coronavirus would push the global economy into recession. Early Wednesday afternoon, the World Health Organization declared that the disease COVID-19, caused by coronavirus, is. As of Tuesday, the WHO was reporting about 120,000 cases in 114 countries on six continents.

President Trump told reporters at the White House that he will be making a statement about coronavirus Wednesday night. He made the comments as he met with the chief executives of major banks.

It rebound yesterday and today the WHO announced Coronavirus as a pandemic. It will rebound again.

Almost no matter what happens with Covid 19, unless it sticks around, the market will be back up in November (unless Bernie is still running).

Maybe wall street call another time out.

Teddy bear market sounds better. 🧸

Richard Engel reports that a new machine used for self-testing for COVID-19 is waiting for FDA approval, and if approved, “you could have tens of thousands more people tested in the United States.”

Because it's the pandemic guys

But is it low enough that gop sees a problem yet? How bad does it have to get before lyin donnie is drop kicked out the door?

Another FakeNews success. Thanks to corporate media yellow journalism.

Hey.. Sparky Pants realDonaldTrump

Wall Street for all intent and purpose has lost confidence in this Administration. Lies, bravado, disinformation, misinformation and incompetence could only get you this far. When life, health and safety are of concern, politics end. November 3rd couldn’t come any sooner.

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Here We Go Again: Dow Dives As Stocks Near A Bear MarketThe Dow Jones Industrial Average fell sharply again Wednesday after staging a rally a day earlier. Major indexes were down around 20% from their peaks in February, signaling an end to the bull market. -- Sounds like the 'Correction' we've been waiting for, with the Coronavirus' effect as catalyst. realDonaldTrump told me it was only a 3 year run. Rawr!
La source: NPR - 🏆 96. / 63 Lire la suite »

Here We Go Again: Dow Drops 1,000 Points As Stock Market Turmoil ContinuesThe Dow Jones Industrial Average fell yet again Wednesday morning after staging a rally a day earlier. Just on Monday, the stock market had its worst drop since 2008 amid coronavirus economic fears. Fake news please disregard fake BS. Amen The government would have more money if we defunded NPR for being slanted to favor Democrats. DefundNPR
La source: NPR - 🏆 96. / 63 Lire la suite »