Stocks open sharply lower; Dow 10% below recent record high

FILE - In this Feb. 24, 2020, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 27.

Microsoft became the latest large company to warn investors about the virus’ potential hit to its finances. Meanwhile nations are taking increasingly drastic measures to try and contain the outbreak and the fears over the potential spread in the U.S. are rising. Technology stocks again led the decline. Microsoft lost 2.8%. The software giant told investors that the virus will hurt revenue from its Windows licenses and its Surface devices.

Japan will close schools nationwide to help control the spread of the new virus. Saudi Arabia banned foreign pilgrims from entering the kingdom to visit Islam’s holiest sites.

Fun fact: the Dow has increased by a MUCH lower percentage during trump's term (32.8%; 19,827 to 26,337) than it did during the same period in Obama's term (63.3%; 7,949 to 12,983.)

but...but...the orange idiot put a thoughts and prayer guy in charge so we're good right? smh

Good I hope Trump's puts bottom out.

RedGia You should make sure the running banners are all in orange font so no one can forget or pretend not to know

Stock market, down or up, meaningless as candidate polls.

I can't tell you where i work due to NDAs, but our trading yesterday was 5x higher than the higher end of what's considered 'normal'. It's a shitshow.

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No surprise to anyone

🤦‍♂️

Which remains how much higher than when POTUS took over coronavirus corruptbiasedmedia

The world markets are screeching to a hault. This is not unexpected and really, cannot be helped.

You know why...... Let's just say it and not infer anything you pitiful 'news' agency

Correction is healthy after an all time record high!!

Hang on, you mean trumps pep talk didn’t calm things down yesterday? Let me sit down for a minute.

Stocks may be down, but stock photos are at an all time high!

Buying

Meanwhile record high investment in this type of attire.

Trump will blame DEMOCRATS

Trump’s gonna yell at the Fed to fix the coronavirus already

This is a great buying moment!

maybe the president shouldn’t have gone on stage to directly contradict the experts standing beside him

Now, imagine how bad things would be had the Hildebeast been successful in her attempt at stealing the 2016 election. There'd likely be no market, because there'd be no America. That's pretty much where Bernie wants to take us, so remember that in November.

No one has any confidence in Cheeto Mussolini to combat this problem in a real way.

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