Another bad sign for the economy: Travel stocks are plunging

New York The market has been whipsawed by fears about the coronavirus. But one sector has plunged even more than the broader market in the past few days: transportation stocks, whose fortunes are inexorably intertwined with the macroeconomy.

Airlines are a barometer for sentiment. When people are traveling, it's generally a sign the economy is doing well. Right now people are staying home -- and the markets are reflecting that fear.The Dow Jones Transportation Average , cousin to the more famous Dow 30, is down 5% in the past week and is nearly 18% below its 52-week high. Amid the coronavirus worries, the transportation index is close to being in a bear market -- which happens when a stock or index is 20% off a recent peak.

Consumer confidence is key to a healthy economy

Still out of three hundred and fifty million people in our country 129 have the virus ! Very small percentage!!😁😁😁💥

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That’s the reason you and your party

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U.S. stocks jump, erasing some of last week's dropStocks on Wall Street leaped after a seven-day drubbing brought on by worries that the coronavirus outbreak might stunt the global economy. This headline is only about 13 hours out of date
Fonte: latimes - 🏆 11. / 82 Consulte Mais informação »