Stocks fall again on Wall Street as wild swings continue

  • 📰 AP
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks are sinking again, wiping out most of a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. Investors are still waiting for details promised by President Trump on potential aid for the economy.

FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again.

Stocks fell from the opening of trading in New York, including a 3.6% fall for the S&P 500, and the Dow Jones Industrial Average suffered yet another 1,000 point drop before recouping some of its losses. Perhaps the best gauge of confidence in the economy on Wall Street recently, Treasury yields, also pulled back.

On the supply side, the worst-case scenario has companies with less things to sell as factories shut down and arenas dim the lights because workers are out on quarantine. On the demand side, companies see fewer customers because people are huddling at home instead of taking trips or going to restaurants.

Italy’s government announced $28 billion in financial support for health care, the labor market and families and businesses that face a cash crunch due to the country’s nationwide lock down on travel.

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:

 /  🏆 728. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Welcome to The Trump Economy... DonaldTrump TrumpEconomy StockMarketCrash

It’s called buying the dip, shorting the top.... this volatility is exactly what you see in crypto trading. Interesting and it’s prob done by the same people. MF’ers are getting rich going up 1100/2500 then dumping and buying again...!😎

Yeah where the hell ARE those details, Mr. President?!?!?! South Korea has over 10k test kits. Maybe we should go study their leadership style and health care system. COVID19 CoronavirusUSA

Vicious and full of hate, Chuck Schumer is worried about Trump's handling of coronavirus, so instead of working with him, he just criticizes and wants to get senile Biden to step in ASAP

The press isn’t helping with their propaganda and fear mongering.

He’s surrounded himself with nothing but unqualified sycophants, and he, himself, doesn’t possess a single atom of true leadership in his body. This is the moment where every greedy, racist fool that’s supported him will have to come to grips with his inability to weather this.

Y'all proud of yourselves in the media

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.

Australia stocks fall into bear market as Wall Street sees worst day since financial crisisThe S&P/ASX 200 in Australia dropped more than 1% in early trade, sending it into bear market territory as the sectors traded lower. The benchmark Australian index had fallen more than 7% on Monday. XRP and Gold to the rescue! Agree or Disagree? The whole world is fine, don't worry guys you are not alone. There are way more people trading now that was happening back then , so I don’t get the analogy . The more that trade the smaller the difference .
Source: CNBC - 🏆 12. / 72 Read more »

Stocks surge on Wall Street following worst day since 2008NEW YORK (AP) — Stocks are surging on Wall Street following the market's worst day since the financial crisis of 2008. The Dow jumped nearly 800 points, or 3.3%, making up less than half of its... This seems fishy... Give it a few weeks and no one will be thinking about money. Is it a “surge” when it’s making up some of its losses
Source: AP - 🏆 728. / 51 Read more »

Stocks Tumble, Coronavirus Volatility & Kudlow: “Don’t Panic” by Squawk on the StreetSquawkStreet SquawkStreet Stock market crashing? It’s called Tuesday in Crypto! SquawkStreet “Other than that, how was the play Mrs. Lincoln?”
Source: CNBC - 🏆 12. / 72 Read more »