The Dow fell up to 960 points Thursday before bouncing back a bit. In the morning, the index fell more than 10% below its most-recent peak briefly putting it in correction territory. The index was down 370 points, or 1.4%, around midday.Similarly, the S&P 500 bounced back from the worst of its selloff and re-emerged from correction territory. The index was down 1.3% midday.Both indexes remain on track for their worst week since the fall of 2008, the midst of the financial crisis.
Worries about the coronavirus outbreak mounted this week, with the US Centers for Disease Control and Prevention saying it expects cases in the United States to rise. The virus has now infected more than 82,000 people worldwide, with the vast majority of cases in China.Corporations continue to warn that they won't meet their first quarter earnings targets. Microsoft announced that late Wednesday.
Traitor Trump is trying to kill the US economy to keep Putin happy.
Soooooo.... why isn't realDonaldTrump bragging about the Stock Market now? I mean, he was taking ALL the credit when it was up.
Thank you CNN for the over reaction to Coronavirus. But the markets will rebound.
HARVARD OFFICIALS TOOK MILLIONS UNDER THE TABLE FROM CHINA SO THAT CHINESE COULD STEAL SECRETS FROM EXPERIMENTS / RESEARCH... WHY AREN'T THEY GOING TO JAIL
When Stockbrockers bring their bugout bags with them as they roam through the crowd at the New York Stock Exchange, you know its over.
6 months of gains obliterated in just a few days. Glad to see Trump’s stock market is in full swing 🥶
People are just being ridiculous now ... stay the course folks and buy, buy, buy if you can!
Do not be fooled. Evil Dems (crooked MSM, CDC, WHO) are desperate to hurt our economy...our stock portfolio...our President. Note: Rosenstein's sis is a doctor at the CDC who is scaring the hell out if the country over the Coronavirus. Bill Gates has a patent for the coronavirus
Elizabeth Warren just introduced a bill to redirect funds from border security to fight the Coronavirus She wants to open the border to stop the spread of a pandemic? Democrats are politicizing a global health crisis just to own Trump They hate him more than they love America
TrumpVirus 🤪🤪🤪
Good thing it's big enough to take this temporary hit caused by China. 4 years ago this would have been devastating. It will surge back afyer this virus stunt passes.
Don't tell GOP, they're busy lying about how F fantastic the market is
If you take credit, you take blame. This is all Trump's fault!
Just perhaps it’s because both China and the USA are lying about its severity!!!
And, still no one will vote for a Commie.
I know some morons will try to blame President Trump. Like, CNN ! Dems still trying to take Trump down and they’ll use anything! Desperate
Which makes DemoRATS happy, they cant stand success even if it means people dying
Xristos10818751 Most investors are sheep have no clue and your fearmongering is not helping
You would think Trump created the virus.
Presents some good buying opportunities. Fundamentals in the economy broke down in 2008, not really seeing that here. Panic about an outside threat is real and warranted but it will pass and we will likely see a major reversal soon.
about time, weve been needing a damn sale
Wet dream moment for CNN
Shareholders cashing in. Canadian banks are most corrupt!
The possibility of a Bernie Sanders presidency also scares Wall Street
Maybe the media is fueling it, whereas they did not with Obama.
Thanks Obama 😂
winning
Shareholders are cashing in! Royal bank of Canada using federal reserve transit .
Thank you donald trump
Nice work realDonaldTrump you'll be evicted soon enough
We don't need to worry about the Coronavirus, it's pissing off Trump so much, he's going to fire it!!! You know because he's the ' Chosen One' why else would you cut the budget CDC.. Complex Crises Fund was eliminated. 🤔😷🤞
Obama’s fault
The difference is that the financial crisis was an actual economic crisis brought about by structural flaws in the financial system. This one, by contrast, is caused by panic from a bad virus. The market will rebound from this when the virus shows signs of receding.
So the Corona Virus is what's going to take down Trump.
Thank the greedy CEOS and morons in congress who let China take the jobs and products. Time to bring them home to the United States.
It can't be helped. Becouse new virus goes around. China cause us to panic. They are black sheep. Tokyo olympib is put off next year, becouse of them. Chinese people, apologize for everyone. especially,you guys make impression of japanese people bad.
Keep stirring
This is an excellent opportunity to buy. There's probably more dip to be had, but once the hype & drama run their course then markets will spike back to peak levels. Coronavirus is a scarier flu is all. Buy the dip everyone.
The markets don't lie...but they can be lied to. Media and Dems playing the crisis for maximum political impact...removing great economy as a talking point in their interest. panic
cnn you guys are hoping for an all outbreak of this virus. You are hoping the market does poorly and you are stoking up Fear with the American People. It will not work but we know you will try. YOU are sick and evil
So quite reporting lies and panicking the American people! CNN remains a FAKE NEWS station...anything to trash the President. Have you thought that this market decline could be because of panic over a Bernie Sanders nomination?
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Nooooooo
Sad. Panic will do that
Collateral damage...
The epidemic is an excuse. The fact is that big companies borrowed to inflate the equity bubble
It almost seems like an excuse for a correction.
Don’t worry Trump is going to blame Obama for this one. Because he is a stable genius
I will feel so bad for CNN and the left if this whole thing doesn't end up killing thousands and tanking our stock market and economy. Fingers crossed for you!
So is this Trump or Obama still? Hard to keep track. I guess when it’s up it’s Obama and when it’s down it’s Trump.
...
Actually, if you read about the flu , you will learn that the flu kills more people just in America every moth than this coronavarus has kill in 4 months. If the Market is down , it’s just a message for the world about who’s got the power to destroy the economy in the planet .
Ah well
Money on the sidelines... 2 weeks will be buy... buy... buy
Nasdaq is down - 9.44% this week.
Airline stock Southwest Airlines has experienced a stunning reversal.
All we did is a Mean Reversion back to the 200 MA, something that happened four times in the past 9 months, and everybody lights their hair on fire. What is wrong with you people? I really don't think you are cut out to be in the stock market. Try T-Bills next time.
The Dow is on track for its worst weekly slide since the 2008 financial crisis.
Stocks fall into correction , head for worst week since the financial crisis.
Time to buy
Who actually believes anything Trump says. He’s told over 17000 lies in 3 years. The man has no credibility and everyone around him is afraid of him
Watch as the GOP tries to get in front of coronavirus by at first shutting down all fed health inquiries and services, then blame the Democrats- if it works, they ride that rhetoric for the subsequent economic downturn. That will be all they have going into November.
What outbreak the Flu ?
All three major US indexes are now on track for their worst week since the 2008 financial crisis. CNN hosts pops champagne and celebrates as they blame Trump and sees this as a sign of Hope for Comrade Bernie and the DemocRAT's
Did anyone call for cheaper stocks?
Wait CNN always said most people don’t have stocks and Trumps taxes breaks don’t help the average person?... so why would I care if stocks tank? Checked my wallet,... it’s not on fire...eh..... going about my day...
Trump have a real crisis now as President, and God help us all
Guess CHUMP'S LIES aren't working?
This has to be. A Joke
realDonaldTrump takes responsibility for this?
Trump is such a weak person that I wouldnt be surprised if he commits suicide before the day is out. He is incapable of processing the situation, let alone acting intelligently on it. Mark my words.
But...but...but, Trump says he has it 'under control'. That people with the virus are 'getting better'. He just appointed science-denying Mike Pence as Czar! He can't be wrong, can he?
Indices, perhaps?
NOTHING but Wall Street THIEVES stealing our RETIREMENT money!
In 2008 Barry Obama was President. Worse President after a recession with little results.
Who didn’t see this coming after the fiasco of a press conference yesterday? Someone gag the orange skinned, yellow haired monkey Please!!!
Rich losing a few bucks instead of getting richer for a change!
Congrats CNN and MSM you managed to ruin America.. hope your having fun.
CNN Told us the recession was coming months ago. They are so happy that this is happening now.
Sorry i'm bussy
We had 15 cases of corona virus in San Francisco. 14, on the mend, one critical because he’s elderly. This started in Wuhan, the place where they eat dogs & cats. Study. Learn. You will be surprised. An inoculation will happen in the next 2 months. markmywords
And the left and CNN are jumping for joy too bad it'll backfire like everything else they do or push lol
The impact of financial crises is now felt beyond the regions where the crises occurred.
There goes our 401k
Blame SenSanders
As investors don’t trust trumps incompetence and dishonesty
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