It’s the end of a bullish era for the stock market and the beginning of a new phase of bearishness, after a sharp plunge for risk assets on Wednesday pushed the Dow Jones Industrial Average into bear-market territory for the first time in more than a decade.
The illness has infected more than 124,000 people and claimed nearly 4,600 lives worldwide, with market experts fearing that pandemic could disrupt global supply chains and drive the global economy into recession. Check out:Are stocks headed for a bear market? Here’s how far they would have to fall as coronavirus-fueled selloff continues
A bear market is widely defined as a drop of 20% from a recent peak. Stocks dropped into correction mode — defined as a pullback of 10% — late last month as fears over the economic impact of the coronavirus outbreak began to rise.
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Global stocks and oil mount a recovery while Dow futures gain 1,000 pointsDow futures gain 1,000 points after news of President Trump's plan to propose a payroll tax cut You yanks don't know what a diamond you have in President trump,he really is the peoples President. A payroll tax? With the infection you can't work what good is a payroll tax cut What Americans need I'd paid family leave if your infected. How about getting these test kits to States to test their citizens? How about funding for the costs associated with treatment? I think the market doesn’t know its ass from its elbow, is swinging from pillar to post, and has no idea what it should be doing. It just throws shit at the wall each day to see what sticks. Different wall tomorrow.
Source: CNN - 🏆 4. / 95 Read more »
Global stocks and oil mount a recovery while Dow gains 800 pointsCNN News, delivered. Select from our newsletters below and enter your email to subscribe. TRUMP 2020!!!! You mean his announcement of it. The devil lies in the details. That’s how Trump rolls ..hand outs with money that is not his
Source: cnnbrk - 🏆 393. / 55 Read more »
Wall Street tumbles, Dow confirms bear marketWall Street stocks plunged on Wednesday, with the Dow confirming a bear market for the first time since the financial crisis after the WHO called coronavirus outbreak a pandemic WHO Don’t let clowns on twitter tell you trump is responsible for this. He is not responsible for a highly contagious global pandemic that originated in China. The market is tanking because of this market externality not Trump. WHO What about Dec 2018? WHO Globally, the new coronavirus is named Pompeo-virus.
Source: Reuters - 🏆 2. / 97 Read more »