S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession.

A screen shows the Dow Jones Industrial Average during trading on the floor at the New York Stock Exchange in New York, US

could push the economy into recession, although stocks regained some ground right at the end of a volatile session.The Nasdaq managed to eke out a 0.01% gain after plunging as much as 3.5% during the session. After falling as much as 4.2% – more than 1,000 points – the Dow ended the day down 1.4%. On Thursday, all three indexes had confirmed corrections by finishing more than 10% below their closing record highs.

But investors had spent most of the day dumping equities for the safety of US Treasuries, pushing 10-year yields to their fourth record low this week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in CA

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.

Khune or Akpeyi - Middendorp's headache - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.ICYMI: Khune or Akpeyi – Middendorp’s headache As Kaizer Chiefs enters the last 10 games of the Absa Premiership season territory, it’s how they manage their lead at the top that is very important, according to the head coach Ernst Middendorp. Maar this 1, this 1👆
Source: SABC News Online - 🏆 32. / 51 Read more »

Chaos erupts at EFF march - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A number of Economic Freedom Fighters members are expected to participate in the people's march to Eskom against load shedding and privatisation on Friday morning. your reporting kak. it was just a minor misunderstanding. didnt even last 2min. stop distorting the truth Lawkessness Chaos Anarchy Militancy Threats Violence are what defines EFFSouthAfrica at every given opportunity... Anywhere Anytime VijayShadean Surprise surprise
Source: SABC News Online - 🏆 32. / 51 Read more »