That followed the US Federal Reserve making another emergency rate cut on Sunday, prompting central banks around the world to ease policy in the biggest coordinated response since the global financial crisis more than a decade ago.
Investors are now concerned that the world's central banks may have used most of their ammunition to fight the economic impact of the coronavirus outbreak. Monday's stock market falls follow US indexes on Friday seeing their biggest daily gains since October 2008. That came just a day after the Dow suffered what was then its biggest one-day plunge since the crash in October 1987.
In the last month the Dow Jones Industrial Average has racked up the five biggest one-day points falls in its 135-year history. In March alone the index has also seen its four biggest one-day points gains on record. Wall Street's so-called"Fear Gauge" has just topped the levels seen during the financial crisis more than a decade ago. The Chicago Board Options Exchange's VIX, a measure of stock market volatility, surged by almost 43%, surpassing the level seen in 2008.
Coronavirus or others would say the Chinese Virus, right BBC?
Bro I’m really the dumbass who sold my TVIX I’m so hurt
Bitcoin should be soaring....
is this good
Companies that borrowed on erroneous assumptions need to collapse like the reckless over-leveragers they areThe government should be lying in wait for bankruptcys to acquire cheap capital stock to hire/sell to smart investor looking to fill the gaps in the marketBe smart with tax
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Source: BBCNews - 🏆 3. / 97 Read more »