Coronavirus, then oil collapse erase $5 trillion from U.S. stocks

SAN FRANCISCO - Fears about the rapidly spreading coronavirus and its impact on the global economy, which deepened on Monday with the collapse of oil prices, have evaporated over $5 trillion of the S&P 500’s market value in recent weeks.

That price war broke out after major oil producing countries failed to reach an agreement to cut output to make up for lower demand related to the coronavirus.

Good. The stock market needed a correction.

$5 TRILLION that never existed since the stock market is based on speculation & manipulation for the benefit of Wall Street and its 'billionaire club' members. Maybe it is time to put it back where it should be in reality, around 12,500.

Americans speared the coronavirus to China and Iran, and it will turn back to them.

3L3V3NTH I know I should care but I am finding very difficult to give a sht!!! 🤨🙄

$5T in fake money has been removed from nothing which never existed, oh my!

Rich cashing in, selling stock, and taking profits. The transfer of wealth continues.

When rich folk find out they gon be pissed.

PatBlanchfield HOw wILl tHeY Pay foR iT?

Whoops, where’d it go?

😏

⭕️Urgent The US Securities and Exchange Commission requires its employees in Washington to work from their homes to avoid the spread of corona🦠

😂 Вы уже сами не знаете чем задницу - прикрыть? И новые фейки в адрес кого либо уже не получится придумать! В том числе и новый кризис! Вы просто и не выходили из него! 😂

Amazing

How does this help the poor though. I keep hearing about the “rich” having too much, and how the stack market only matters to rich people...

Jesus. Wasn't here to help.

Coronavid19 drags realDonaldTrump with a Bond themed GIF. A spokesperson for the virus was adamant “Coronavid 19 is not a hoax, it’s as real as Trump’s weave.” marketcrash

Yeah. How come gas prices didn't go down today? Huh?

more slate oil, its cheap...

Guess why there was no panic during The OBAMA administration SWINE FLU EPIDEMIC, can you say FAKE NEWS INDUCED PANIC!

no worries. we'll be back up in no time.

Fear of Trumps policies erase $5 trillion from U.S. stocks

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.

Stock market news live: Oil crashes, stock futures crater on coronavirus, crude war fearsThe world’s faltering effort to contain the coronavirus outbreak hammered stock and oil futures on Sunday, which indicated a sharply lower open on Wall Street. Yes, our wonderful Saudi Friends. Also good at killing Yemen Civilians
Source: YahooNews - 🏆 380. / 59 Read more »

Coronavirus fears have seen oil prices suffer historic collapse in global market panicWhile the death toll has climbed to more than 3,800, around 88 countries have yet to report any cases of the virus, while at least 62,053 people globally have recovered from the injection.
Source: Newsweek - 🏆 468. / 52 Read more »