Trader Peter Mancuso prepares for the day's trading, on the floor of the New York Stock Exchange, Thursday, March 5, 2020. The S&P 500 sank more than 2% in early trading Thursday as the market swung back to fear about the effects of a fast-spreading virus in its latest yo-yo move. Just a day earlier, the index had soared 4.2%, in part on hopes that more aggressive moves by governments and central banks around the world could help contain the economic fallout.
Factories in China are gradually reopening, and a return to a sense of normal life may even be on the horizon following swift and severe actions by the government to corral the virus. Losses were widespread, and all but eight of the 500 companies in the S&P 500 index are down. Financial stocks had the sharpest losses, and all 11 sectors in the S&P 500 were down at least 1.6%.
Asian stock markets started Thursday off higher, riding the wave of optimism and hope that sent the U.S. market higher on Wednesday. U.S. congressional leaders reached a deal on a bipartisan $8.3 billion spending bill to battle the coronavirus outbreak, and the Bank of Canada followed up on the Federal Reserve’s surprise cut to interest rates the day before with its own.
If you are scared, thank the Liberals. It’s all friggin’ manipulation by the “Illuminati “. Retaliate the best way you can within the law.
This is what happens when a lying moron and his stiff of a side kick try to lie their way past facts and science
DA4Pups This is when “Experts” gamble & play Poker against other “Experts.....With someone else’s money !
$GHSI Gonna triple 🤑🤑🤑🤑 come play boys and girls
Picture an animated cartoon Trump character plugging a hole in the dike. Market goes up until another hole appears. Plug that one, then another as the stock market goes up and down each time he plugs a hole. What do we do when he runs out of fingers? Roller coaster stock market
With the 4 days roller coaster, all the rich people and corporation has exited with profit, and all the dumb lower and middle class got stuck in the stock, thanks to the tricks that news and experts played on them
Gambling anyone?
you mean the fed won't save us?
SethAbramson 'Global Markets slide again due to Trump speaking about it' fixed your headline
like i said earlier this week: D E A D C A T B O U N C E
Should have waited to lower interest rate, kept our powder dry; what know?
JonLemire TrumpSlump
Again... what the hell is there to not UNDERSTAND THAT A CASINO ECONOMY IS NOT SUSTAINABLE!!!
This is reality, the stock market sky rockets at any inkling of good news then it crashes. Why? Because recession is coming and it's inevitable. The fundamentals of the economy have been showing for the last year.
JonLemire If somebody uses the power of their office to influence the Fed to cut rates and thereby affect the markets is that considered to be potentially 'insider trading' ? Why is the Securities and Exchange Commission (SEC) not investigating such matters ?
Its Obama fault
Who’s manipulating this roller coaster?
JonLemire DowdropDonnie
Going from being excited over the prospect of Biden being President to realizing that Trump is and is totally incapable of dealing with the crisis.
SethAbramson One of the main reasons to not put the village idiot in the White House
SethAbramson TrumpSlump
The more trump is not direct with this virus the more people will panic. Trust is key and those mixed messages are just making ppl feel more unsettled.
It seems that stocks rise and fall based exclusively on people's emotions and subjective perceptions.
Ask all the medical doctors in congress. What is your medical opinion on Trump telling people it's ok to go to work with a contagious virus? donoharm
AP tries to push more Corona virus fear trying to upend the markets---their strategy is obvious for the world to see
Trump said everyone who has coronavirus should go to work and infect more people. He doesn’t care about our health. Only our productivity. If workers stop working, our economy will slow.
When is Pence going to pray it away?
JoeBiden’s Super Tuesday win rallied the market. Trump told sick people to “go to work”. Markets back in freefall. pathetic
Trump opens is mouth late last night and market crashes.
SethAbramson Roller coaster
'Coronavirus! Aaaahhh!' Stocks plunge 'Oooh, we might get a big interest rate cut!' Stocks surge 'Still coronavirus though! Aaaahhh!' Stocks plunge 'Hey, we might get a big coronavirus funding bailout from Congress!' Stocks surge 'Still coronavirus though! Aaaahhh!' Stocks plunge
Hang on folks, we're likely in for one heck of a roller coaster ride for a while.
SethAbramson Trump Trench gets deeper under Wall Street as stocks continue to plunge
Boo ‘Fucking’ Hoo
And after someone said to not stay home! We need real leadership NOT cracker jacks prize fools!
Trump and Pence are Incompetent to deal with Coronavirus Coronavirus COVID19 StockMarketCrash2020
Could it be go to work with the Corona flu comment?
SethAbramson The old Dead Cat Bounce is over.
SMH...
said 'mood' haha. Mood doesn't seem factual
Trump said it's OK to come to work with coronavirus!! The CDC is barely testing any one to downplay the pandemic for Trump. What could go wrong?
Ridiculous overblown reaction separate from fundamentals. We need to all calm down, the death rate is far lower because most people who catch it have mild symptoms.
Time to buy!
Virus fear? No - the president is out claiming the whole thing is fake and overblown...
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »