Stock market live updates: Dow down 700, rebound attempt fails, will Fed act?

3:06 pm: Final hour of trading: Stocks tumble into correction territory

with U.S. West Texas Intermediate crude falling to its lowest level since Jan. 2019. At the low of the day, WTI was down more than 5%, breaking below $46 to trade at $45.88. In afternoon trading, some of those losses were pared, and WTI ultimately settled 3.37% lower at $47.09 per barrel. WTI is now 29% below its 52-week high level, as investors continue to fear that the coronavirus outbreak will dent global demand for oil.

Around midday, the major U.S. stock averages were trading sharply lower as concerns about the coronavirus spreading quickly in the U.S. pressured equity prices. The Dow was down more than 500 points. Those losses put the 30-stock average in correction territory, or more than 10% below its record high. —European Central Bank president Christine Lagarde told the

We all expected a oversold correction, a down turn in the market with a Bernie rise, and it’s now compounded by a global supply slowdown... This has the potential to be monumental.

good point

It’s buying opportunity for investors!! coronavirus

Next week's stock market will be very interesting. In the US, sports are still drawing huge crowds. Its mostly business as usual. But Dow Jones went down over 10% What will happen if coronavirus is still the lead story next Thursday? By summer there could be some great value buys

Trump tries to move the supply base to India but the reality is not like trump's expect. India is constantly under the terrorist threats and the gov corruption is one of the worst.

Major corrections are coming... 🙄

Good thing massive debt spending with the FED monetizing it was done to run markets to ATH before the virus hit. So lucky!

That's actually a fair point.Majority of sectors and stocks are extended from their reference points of intermediate value. And in4 dys we've sharply tagged it. IF u're putting money to work today this is how u do it SAFELY. 👉Follow me truthntrading for Markets, Money & Mindset

NATALLIANCE: 'We went from an 'all-time high' to a 'correction' (-10% off all-time highs) within 6 trading days. This would be only the second time in history that this has happened. The other? Dec 1928.'

yep, definitely need a vaccine

There needs to be criminal charges against the media and politicians fomenting this fake crisis right now realDonaldTrump especially the financial media, it’s like yelling fire in a movie theatre, where’s the FBI Oh wait our FBI is as corrupt as the rest of D.C & WS

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