The benchmark index has already been dragged into bear market territory by the coronavirus' "unprecedented financial and societal disruption," the analysts said.
The coronavirus outbreak is responsible for "unprecedented financial and societal disruption," the analysts said, and equities have so far served as accurate leading indicators before the release of relevant earnings or macroeconomic data. US equities tanked nearly 30% last week to usher in the first bear market in 12 years. Selling began in late February as new coronavirus outbreaks outside China gripped investors. Stocks sank further through March as Wall Street feared the Trump administration wasn't acting fast enough to issue fiscal stimulus and pad the ailing economy.
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.
Stock market outlook: Save cash for stock shopping list - Business InsiderMaking a detailed 'shopping list of stocks' will help investors avoid panic selling during the coronavirus outbreak, strategist Rich Steinberg said. We used all of that cash for toilet paper. I guess we weren't brave enough ghosts this time. Maybe next crisis!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: Hedge fund strategy fails, could change investing - Business InsiderA popular trading strategy that preserves hedge funds during stock-market crashes just failed — and Morgan Stanley warns it could change investing as we know it Because you are thinking the traditional way ie everybody follow the rules but in reality one big player is not. They control their stock market and do whatever they want. Everyone lost except them! All analysis or predictions are garbage!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy 13: Companies with low coronavirus, recession risk - Business InsiderBank of America says to buy companies that have both minimal China exposure and are trading at inexpensive levels — and offers a handful of picks. At this moment in time with a global health crisis - who cares - why don’t they focus their energy on supporting this new challenge ?
Source: BusinessInsider - 🏆 729. / 51 Read more »