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Global markets plummeted this week as fear over the potential impact of the coronavirus outbreak gripped investors. The Dow Jones Industrial Average lost 14%, the S&P lost 13% after falling from a record high just last week, and U.S. Treasury bond yields plummeted to new record lows as traders abandoned risky assets for safer ones.appeared to downplay the crisis
, the CDC warned that the American public should brace for major disruptions, saying that the spread of the disease in the United States is “not so much a question of if this will happen anymore, but rather more of a question of exactly when this will happen." The Federal Reserve even weighed in on Friday, with Chair Jerome Powell releasing a statement pledging to “use our tools and act as appropriate” to help mitigate the effects of the crisis.
More than 81,000 people have been infected with the coronavirus so far, and businesses across the globe are feeling the crunch even as Chinese workers return to their jobs. As investors head into what is sure to be an uneasy weekend, take a look at some of the big numbers that defined the market’s worst week since the depths of the financial crisis.
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theothersarahh A very clearly written and informative article. Thank you Sarah.
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