Stock prices took another nosedive Wednesday, amid fears that a spike in coronavirus cases in parts of the Sunbelt could force the economy into another lockdown.
The major stock indexes finished the day down more than 2%, as investors grappled with evidence that the economy may not rebound as fast as they'd expected.Shares of companies that have been especially hard hit by the pandemic, such as homebuilders and cruise lines, lost ground, as did bank stocks. The slide in prices followed reports that California and Florida are seeing a record number of cases, while intensive care units in Houston hospitals are nearly at capacity.said it expects the U.S. economy to shrink by 8% this year and then rebound 4.5% in 2021. The IMF said the global economy will fall by a record 4.9% this year.
"The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast," the IMF said. "The adverse impact on low-income households is particularly acute, imperiling the significant progress made in reducing extreme poverty in the world since the 1990s," the report added.
Oh NO!!! THE RICH PEOPLE'S FEELINGS GRAPH WENT SAD?
WON'T SOMEONE THINK OF THE STONKS.
I wonder what happened 2 or 3 weeks ago that would cause the infection rate to go up?
There is not going to be economic stability until the virus is under the best control possible, locally and nationally. Business people: demand a better response from state and federal governments.
Hummm! Now where did I hear someone say this would happen? tomleykis, I can’t quite put my finger on it. 🤔
I wiped my Pence after taking a Trump.
That’s Like trying to put toothpaste back in the tube...
Plummeted? Apple is 360
You don't want another lockdown? WearADamnMask people!
KeciaFrierson What goes up must come down!
Can we please stop worshipping this artificial and arbitrary metric? It means nothing to most, and everything to only a few.
COVID is killing the economy along with all of us
Why should any wuhan virus spike caused by all the dumbass looters & rioters result in another lockdown?
Correction: Stock prices fell as a result of False Flag Propaganda issued by the Anti-American News Media
I just can’t with these headlines. The virus has a 4/6 week incubation so yes, where where people are gathering together it’s going to spike. I feel like the market can do that math. Just because America is bored with the virus doesn’t mean it’s done with America.
It is a terrible virus we do yet understand. Tell the truth they shut the country down caused economic damage because our hospitals were not prepared properly AND THIS IS THE FAULT OF BOTH SIDES ALONG WITH PARTISAN RHETORIC MEDIA PUPPETS. The hospital are the canary in the Cole m
Npr is a racist organization... why dont they hire more minorities?
Reports of a second spike in cases have been circulating for weeks, months even. Why are people just now reacting?
Could this mean Europe will thrive without knowing it now?
♬ Sunday, Monday, Happy Days, Tuesday, Wednesday, Happy Days, Thursday, Friday, Happy Days, Saturday, what a day, Rockin all week with you!
The stock market goes up and down with the words of a pathological liar. Think about that long and hard. donald's economy is as FAKE as his tan.
good time to buy zynga, is a quarantine
What happens we where doing so good?! Oh,... yeah,..
How did TSLA stock do?
Who will they blame this time?
MAGA
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