FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20.
Market watchers said they didn’t see one clear trigger for the movements, which reminded them of the market’s sudden shifts during the height of the U.S.-China trade war, when stocks would swing sharply following tweets from President Donald Trump. “Until we get a more definitive sign that the top is in, you’re going to have volatility back and forth and trades off coronavirus headlines,” Schutte said.
The world’s largest shipping company, Denmark’s A.P. Moller Maersk, said Thursday it expects a weak start to the year due to the virus. Air France, meanwhile, said that COVID-19 could mean a hit of up to 200 million euros, or $220 million, for its operating results from February to April.
“The Lord will roar from Zion and thunder from Jerusalem; the earth and the heavens will tremble. But the Lord will be a refuge for his people, a stronghold for the people of Israel.” -Joel 3:16 (NIV) Donald Trump 666.
ITS AMERICA AGAINST THE RUSSIANS!!!!!!
Seeing as how I am not a member of the 0.1 percent, I couldn’t care less about the stock market. But I do care about this latest strand of corona virus.
mizdonna All the more reason we need to ramp up US manufacturing
China completely shutting down will have second and third order affects for the coming months. Major disruption to supply chains. Once earned reports come in next quarter a lot of companies are going to miss forecasted earnings and further drive the market down.