Wall Street fell sharply on Thursday for the sixth straight day, with all three major indices entering correction as investor fears multiplied that the coronavirus epidemic could spread to the U.S.The Dow Jones Industrial Average, the S&P 500 and the Nasdaq all plunged at the opening bell, with the Dow falling more than 500 points for a loss of 2 percent. The S&P tumbled by 2.1 percent and the Nasdaq fell by 2.7 percent, marking the worst week for stocks since the financial crisis.
The Centers for Disease Control and Prevention confirmed Wednesday the first community transmission of the coronavirus, in Sacramento County, California. The patient had not traveled to virus-infected areas and was not exposed to anyone who had the virus, the CDC said. While Trump acknowledged that markets had fallen because of coronavirus fears, he said Wednesday that he believed the plunge was likely also due to"the Democrat candidates standing on the stage making fools out of themselves."
“U.S. companies will generate no earnings growth in 2020,” the firm wrote in a note to clients on Thursday. “We have updated our earnings model to incorporate the likelihood that the virus becomes widespread.”
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stocks open sharply lower; Dow 10% below recent record highNEW YORK (AP) — Stocks are opening sharply lower, extending a weeklong rout and bringing the Dow Jones Industrial Average 10% below the record high it hit two weeks ago. Microsoft became... 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
Källa: AP - 🏆 728. / 51 Läs mer »
Stocks open sharply lower; Dow 10% below recent record highStocks are opening sharply lower, extending a weeklong rout and bringing the Dow Jones Industrial Average 10% below the record high it hit two weeks ago IMPOTUS Trump and his creationist flunkie Pence aren't really inspiring a lot confidence in the markets, we're noticing.
Källa: ABC - 🏆 471. / 51 Läs mer »
These stocks are the biggest Dow winners when rates plunge like they are nowNew for subscribers: These stocks are the biggest Dow winners when rates plunge like they are now Check out CNBCPro and get your first 30 days free. Pro JoecKernen is becoming an embarrassment to your network. Way over the top emotional on politics to point of being excessively rude to guests he disagrees
Källa: CNBC - 🏆 12. / 72 Läs mer »
Stocks open sharply lower on Wall Street, bringing Dow Jones industrials 10% below record high they set two weeks agoJUST IN: Stocks open sharply lower in early trading, extending a week of steep losses triggered by coronavirus concerns.
Källa: ABC - 🏆 471. / 51 Läs mer »