Stocks fall, bond yields take another breathtaking drop

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Stocks are opening sharply lower on Wall Street and bond yields are sinking to more record lows as investors fear that economic damage from the spreading coronavirus outbreak will be longer than previously thought.

A trader studies his screens as he prepares for the day's activities on the floor of the New York Stock Exchange, Friday, March 6, 2020.

Even a better-than-expected report on U.S. jobs wasn’t enough to pull markets from the undertow. It’s usually the most anticipated piece of economic data each month, but investors looked past February’s solid hiring numbers because they came from before the new coronavirus was spreading quickly across the country.

U.S. stock indexes slumped another 3% in the first minutes of trading, following 4% losses for Europe and 2% losses for Asia. Crude oil lost more than 4% in part on worries that an economy weakened by the virus will burn less fuel. A measure of fear in the U.S. stock market surged 22%

 

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He's touching his face! He's part of the problem.

FCPwithGreta Time to buy!!!!

And we'll save this tweet to repost to you when you turn from the truth of this temporary economic turn, to blaming POTUS for it.

Yal care more about those dam stocks then you do Americans.

Where is Orangeman now touting his amazing-ness about the economy the stock market and everything else he has done so profoundly better then anyone else to ever hold office.

👀

All of these idiots really made themselves believe on Monday that we had it under control

trump has caused a trillion dollars plus loss on Wall Street because of his slow response and his lies about the severity of the Coronavirus!

TrumpDump

When stocks are high Trump takes credit. When the stocks are low it's the Democrats fault.

So much winning!

so much winning

People will make money on puts today. Milliken is in the background coaching.

Oh no, no xx million bonus for the CEOs?

I guess the losses in travel & hospitality are too big to be offset by gains in healthcare (doctors, labs, pharma, medical equipment, etc).

Trump vs reality

The great thing is to buy buy buy. Buy as much as you can.

Some of it but it started down as Bernie Sanders was gaining momentum.

I hope the whole system crashes.. Coronavirus hitting the 2%ers hard is one positive in this mess

do us a favor and report the real news please

Not good

Because it’s entirely propped up by debt and deficit... it’s a fake economy.

Winning!

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