Stocks open sharply lower; Dow 10% below recent record high

FILE - In this Feb. 24, 2020, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 27.

Microsoft became the latest large company to warn investors about the virus’ potential hit to its finances. Meanwhile nations are taking increasingly drastic measures to try and contain the outbreak and the fears over the potential spread in the U.S. are rising. Technology stocks again led the decline. Microsoft lost 2.8%. The software giant told investors that the virus will hurt revenue from its Windows licenses and its Surface devices.

Japan will close schools nationwide to help control the spread of the new virus. Saudi Arabia banned foreign pilgrims from entering the kingdom to visit Islam’s holiest sites.

Fun fact: the Dow has increased by a MUCH lower percentage during trump's term (32.8%; 19,827 to 26,337) than it did during the same period in Obama's term (63.3%; 7,949 to 12,983.)

but...but...the orange idiot put a thoughts and prayer guy in charge so we're good right? smh

Good I hope Trump's puts bottom out.

RedGia You should make sure the running banners are all in orange font so no one can forget or pretend not to know

Stock market, down or up, meaningless as candidate polls.

I can't tell you where i work due to NDAs, but our trading yesterday was 5x higher than the higher end of what's considered 'normal'. It's a shitshow.

5g pop up blocker for election security. Great underground project right now seeking government experience in leadership. Pays in crypto. SEO '5g pop-up blocker' ElectionSecurity . STOP Autoplay stopautoplay.

No surprise to anyone

🤦‍♂️

Which remains how much higher than when POTUS took over coronavirus corruptbiasedmedia

The world markets are screeching to a hault. This is not unexpected and really, cannot be helped.

You know why...... Let's just say it and not infer anything you pitiful 'news' agency

Correction is healthy after an all time record high!!

Hang on, you mean trumps pep talk didn’t calm things down yesterday? Let me sit down for a minute.

Stocks may be down, but stock photos are at an all time high!

Buying

Meanwhile record high investment in this type of attire.

Trump will blame DEMOCRATS

Trump’s gonna yell at the Fed to fix the coronavirus already

This is a great buying moment!

maybe the president shouldn’t have gone on stage to directly contradict the experts standing beside him

Now, imagine how bad things would be had the Hildebeast been successful in her attempt at stealing the 2016 election. There'd likely be no market, because there'd be no America. That's pretty much where Bernie wants to take us, so remember that in November.

No one has any confidence in Cheeto Mussolini to combat this problem in a real way.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks are the biggest Dow winners when rates plunge like they are nowNew for subscribers: These stocks are the biggest Dow winners when rates plunge like they are now Check out CNBCPro and get your first 30 days free. Pro JoecKernen is becoming an embarrassment to your network. Way over the top emotional on politics to point of being excessively rude to guests he disagrees
Source: CNBC - 🏆 12. / 72 Read more »

Stocks open sharply lower on Wall Street, bringing Dow Jones industrials 10% below record high they set two weeks agoJUST IN: Stocks open sharply lower in early trading, extending a week of steep losses triggered by coronavirus concerns.
Source: ABC - 🏆 471. / 51 Read more »

For investors shaken by Dow plunge, Warren Buffett's new advice on finding long-term market winnersIn his latest annual letter to Berkshire Hathaway shareholders, Warren Buffett made an implicit warning to the finance executives and managers who run corporate America: Now is the time to be investing profits in the business, while inflation is low. How is inflation low when everything is currently inflated? Warren Buffett is a jack ass
Source: CNBC - 🏆 12. / 72 Read more »

Dow sheds another 900 points, after stock market suffers worst day in two yearsU.S. stocks plunged in afternoon trade after the Centers for Disease Control warned Americans to prepare for a coronavirus outbreak and investors attempted... It will be ok as long as trump wins- apparently Oh boy, the sky is falling... Well, this is no fun
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market live updates: Dow futures up 100, coronavirus cases jump, Disney fallsAfter this week’s historic market sell-off, these are the 2 things Leon Cooperman says he’s watching: “One is the coronavirus, does it get under control in a reasonable timeframe? And second that we don’t have a Socialist or Communist in the White House.” Being so narrow minded is what will kill this election.
Source: CNBC - 🏆 12. / 72 Read more »