Stocks stare down a bear market as investors rush for the exits in pandemic panic

Stocks plunged around the world, oil tumbled and the stress in U.S. credit markets deepened after the World Health Organization called the virus spread a pandemic and the Trump administration remained unable to detail any stimulus measures to combat the economic fallout.

Canada’s stock market has gone from a bull market to bear in just 14 trading days, wiping out $454.2 billion in value on the escalating spread of the coronavirus and plunging oil prices. The WHO declaration and no comments on stimulus from President Donald Trump rattled markets. Trump said late in the market session that he’d make a statement Wednesday night on the administration’s plans. European officials signalled a growing willingness to move soon to combat the virus’s effects on the region’s economy.

“We have no idea when the coronavirus, the spread, is going to subside. That uncertainty is going to continue to create a lot of volatility,” said David Spika, the president of GuideStone Capital Management. “We have no idea how to model it, we have no idea what to expect from it.”U.S. stocks extended their three-week slide as investors grappled with the potential economic hit from the virus that is upending daily routines around the world.

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 »

Global stocks steady after plunge on virus, oil crashGlobal stock markets rebounded Tuesday from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. What stocks exactly are you looking at?
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Premarket: Global stocks steady after plunge on virus, oil crashStimulus efforts help offset investors’ concerns after a global rout that saw Wall Street post its worst session since the financial crisis
La source: globeandmail - 🏆 5. / 92 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 »

Stocks roar back to life from the brink of bear marketBargain hunting and hopes of government stimulus calmed investors’ fears
La source: nationalpost - 🏆 10. / 80 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 »