FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again.
Stocks fell from the opening of trading in New York, including a 3.6% fall for the S&P 500, and the Dow Jones Industrial Average suffered yet another 1,000 point drop before recouping some of its losses. Perhaps the best gauge of confidence in the economy on Wall Street recently, Treasury yields, also pulled back.
On the supply side, the worst-case scenario has companies with less things to sell as factories shut down and arenas dim the lights because workers are out on quarantine. On the demand side, companies see fewer customers because people are huddling at home instead of taking trips or going to restaurants.
Italy’s government announced $28 billion in financial support for health care, the labor market and families and businesses that face a cash crunch due to the country’s nationwide lock down on travel.
Welcome to The Trump Economy... DonaldTrump TrumpEconomy StockMarketCrash
It’s called buying the dip, shorting the top.... this volatility is exactly what you see in crypto trading. Interesting and it’s prob done by the same people. MF’ers are getting rich going up 1100/2500 then dumping and buying again...!😎
Yeah where the hell ARE those details, Mr. President?!?!?! South Korea has over 10k test kits. Maybe we should go study their leadership style and health care system. COVID19 CoronavirusUSA
Vicious and full of hate, Chuck Schumer is worried about Trump's handling of coronavirus, so instead of working with him, he just criticizes and wants to get senile Biden to step in ASAP
The press isn’t helping with their propaganda and fear mongering.
He’s surrounded himself with nothing but unqualified sycophants, and he, himself, doesn’t possess a single atom of true leadership in his body. This is the moment where every greedy, racist fool that’s supported him will have to come to grips with his inability to weather this.
Y'all proud of yourselves in the media
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