New York The market has been whipsawed by fears about the coronavirus. But one sector has plunged even more than the broader market in the past few days: transportation stocks, whose fortunes are inexorably intertwined with the macroeconomy.
Airlines are a barometer for sentiment. When people are traveling, it's generally a sign the economy is doing well. Right now people are staying home -- and the markets are reflecting that fear.The Dow Jones Transportation Average , cousin to the more famous Dow 30, is down 5% in the past week and is nearly 18% below its 52-week high. Amid the coronavirus worries, the transportation index is close to being in a bear market -- which happens when a stock or index is 20% off a recent peak.
Consumer confidence is key to a healthy economy
Still out of three hundred and fifty million people in our country 129 have the virus ! Very small percentage!!😁😁😁💥
Ass Clowns Say What? KAG 🇺🇸
That’s the reason you and your party
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U.S. stocks jump, erasing some of last week's dropStocks on Wall Street leaped after a seven-day drubbing brought on by worries that the coronavirus outbreak might stunt the global economy. This headline is only about 13 hours out of date
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