A monthlong bout of coronavirus has ravaged China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations.
Stocks get slammed Friday Dow skids 0.7% in January and falls beneath its 50-day moving average at 28,443.30, a short-term line it hasn’t closed below since October, according to Dow Jones Market Data. Moving averages are used by market technicians to help determine bullish and bearish momentum in an asset.
Oil is on the verge of a bear market Coronavirus could hurt demand for crude because China is among the biggest importers of the commodity, putting oil prices on the verge of a bear market. Entry into a bear market is defined by a price drop of at least 20% from a recent high. The S&P 500’s energy sector nears closing in a bear market The S&P 500 Energy sector XLE, -3.12% is on the brink of closing on Friday in bear-market territory. It would need to close at or below 405.8 and is currently at 404.1.
I bought up some assets!
Wasn't effected yet to China. Wow ..... Wall Street made a big deal dragging DOW almost 1000 points. Watching they're going to boost DOW up another the 2000 in couple months later. Wall Street game . Perfect guys
The biotech sector and some pharmaceuticals might have trended upwards, while the Dow charted a decline over the second half of January as a result of the Chinese Coronavirus contagion.
One thing seems VERY likely coronarovirus will severely impact an already degenerating economy and social structure The impact in wuhan china is unmistakably destructive It may not be as virulent elsewhere..we'll see But china economic damage is huge now and will go global
0.8%, that’s laughable
He’s a medical professional leaving for Wuhan to help with the coronavirus. She’s his wife and worried for his safety.
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