NEW YORK - Wall Street’s main indexes tumbled on Thursday, putting them more than 10% below record highs set earlier this month and indicating that they then entered an intraday correction, as the rapid spread of the coronavirus globally deepened worries about growth and corporate earnings.
Traders work on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson The number of new infections in China was overtaken for the first time by fresh cases elsewhere on Wednesday, most notably in Italy and Iran, while the U.S. Centers for Disease Control and Prevention confirmed an infection in California in a person who reportedly did not have relevant travel history or exposure to another known patient. [.N]
Investors piled into safe-haven assets, with the yield on the benchmark 10-year note reaching an all-time low for the third consecutive day, while the dollar fell on expectations that the Federal reserve would respond by lowering interest rates.
Coronavirus 02/27/2020 USA braces for the new flu. In 2017-2018 there were 45,000,000 cases, of those 810,000 were hospitalised, of those 61,000 died ( 1 out of 13 fatality rate ) Currently, unconfirmed, 82,000 cases and 2,800 fatalities ( 1 out of 29 fatality rate )
ima buy a shit ton of stonks after the market takes a dump.
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