News Formal

Dow in bear market as global rout deepens on coronavirus fears

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

NEW YORK: Wall Street stocks suffered another bruising rout on Wednesday (Mar 11), with the Dow sinking into a bear market, as the economic toll ...

NEW YORK: Wall Street stocks suffered another bruising rout on Wednesday , with the Dow sinking into a bear market, as the economic toll from the coronavirus mounts with more major event cancellations.

The Dow Jones Industrial Average plunged around 1,465 points, or 5.9 per cent, to 23,553.22, yet another brutal daily drop that left the index more than 20 per cent below its peak, making it a bear market. The move is the latest escalation of a fight among oil producers after Russia balked at an OPEC-backed plan to cut production in response to lost demand from the coronavirus.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
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:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Wall Street tumbles, Dow confirms bear marketU.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump's administration ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »