Stocks went on a wild ride Thursday as investors struggle to gauge the potential impact of the coronavirus outbreak on the global economy.
The losses extended a weeklong rout in stocks that has wiped out the solid gains the major indexes had posted early this year. Investors came into 2020 feeling confident that the Federal Reserve would keep interest rates at low levels and the U.S.-China trade war posed less of a threat to company profits after the two sides reached a preliminary agreement in January.
Stokes said the swoon reminded her of the market’s reaction following the Sept. 11, 2001 terrorist attacks. Japan will close schools nationwide to help control the spread of the new virus. Saudi Arabia banned foreign pilgrims from entering the kingdom to visit Islam’s holiest sites. Italy has become the center of the outbreak in Europe, with the spread threatening the financial and industrial centers of that nation.
Such cuts are even more impactful now because stocks are already trading at high levels relative to their earnings, raising the risk. Before the virus worries exploded, investors had been pushing stocks higher on expectations that strong profit growth was set to resume for companies.
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Pelosi: Stock market’s plunge is ‘disturbing,’ Trump ‘silly’ to pin fall on Democratic debateHouse Speaker Nancy Pelosi on Thursday expressed concern about the stock market’s coronavirus-driven selloff and the California Democrat also criticized President Donald Trump’s analysis of the market’s action. Nobody cares what that American hating woman thinks! How this woman is still in charge is amazing. Dems have many issues. She should go talk to “silly” gundlach then
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »
Global Stocks Extend Losses as Virus Fears DeepenStock markets in Europe and Asia as well as U.S. futures continued a course of steep selloffs as concerns over the economic cost of the new coronavirus gathered pace. Global recession is imminent... Oil futures now flirting with 49$ The struggle is real! I know what a real struggle is and the kind of guy and situation where a real struggle would ensue.I believe that they should have filed something, anything when it happened and a rape kit taken because if it was by force it would show and if she was too
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »
U.S. Stock Market Suffers Brutally as Dow Drops to Historic Low Amid Coronavirus FearsThe Dow marked its biggest one-day point drop to ever be recorded on Thursday
출처: people - 🏆 712. / 51 더 많은 것을 읽으십시오 »
Coronavirus fears are clobbering the stock market — is it doing the same to your retirement?The market drops could clue investors in to how comfortable they actually are with risk in their portfolios. Don't worry, you will always have Social Security and Medicare, if you vote out the GOP and Trump of course. We all know they are dying to cut those to fund their budget-busting unfunded permanent tax cut for corporations, who are now done buying back their stocks This is a good chance to build the retirement portfolio for many... No, I am not stock market stupid.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »
Nancy Pelosi calls stock market plunge 'disturbing' as she pushes for coronavirus fundingPelosi pushed back on Trump's suggestion that the stock plunge was at least in part the fault of Democratic presidential candidates. NOBODY CARES WHAT PELOSI THINKS! I don’t care what Nervous Nancy has to say. She's disturbing
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »