“The way the market is going down, it’s happening pretty quickly, but it’s very difficult to say that it’s over,” said Sameer Samana, senior global market strategist for Wells Fargo Investment Institute. “Bottoming is a multistep process and you’re probably still in step one.”
The Dow Jones Industrial Average decreased 4.4% to 25,763.96, reaching the lowest in six months on its sixth consecutive decline and the biggest dip in about two years. The MSCI All-Country World Index sank 3% to 521.99, reaching the lowest in 19 weeks on its sixth consecutive decline and the biggest tumble in almost four years.The euro gained 1% to $1.0989, the strongest in almost three weeks on the biggest climb in 21 months.The yield on 10-year Treasuries fell five basis points to 1.28%, reaching the lowest on record with its sixth straight decline.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Stocks Extend Declines as Coronavirus Concerns MountGlobal stock markets dropped and U.S. government bonds rallied as investors braced for greater economic fallout from the international spread of the coronavirus. Coronavirus originated from Hawaii! Not from Wuhan! It’s going to spread. You can’t stop it. You can’t contain it. You have to maintain it until we have the vaccine. Stop wasting time and sources. GLOBAL Market Performance (YTD) DOWNfall US DowJones 6% JAPAN Nikkei 7 % UK FTSE 7% HK HANGSENG 6 % INDIA SENSEX 4 % CHINA SHCOMP 1.6 % Leave apart some INDEX like Korea KOSPI Italy FTSEMIB which corrected in double Digit 🤠
Source: WSJ - 🏆 98. / 63 Read more »
Global stocks outlook still positive, but vulnerable to coronavirus: Reuters pollGlobal stocks have further to run this year, but the likelihood of a correction ... Would be really embarrassing for Reuters if the markets continue to tank because world leaders can't get their shit together & contain the problem. And now mother's in charge of coronavirususa so...😬 At some point, if the virus spreads enough, China will go back to work and take their chances. We all will. The only reason they’ve shut down now is to try and contain it. Zero sensationalism and 100% Facts, we are covering Coronavirus and this where you get all facts and no fluff. CoronavirusOutbreak CoronaVirusUpdates
Source: Reuters - 🏆 2. / 97 Read more »
Stocks enter correction, Dow plunges by 780 points, as coronavirus fears multiplyA correction indicates a drop of 10 percent from the 52-week high, making this the worst week for Wall Street since the financial crisis.
Source: YahooNews - 🏆 380. / 59 Read more »