Maris Ogg of Tower Bridge Advisors said there were still too many unknowns about the scale of the global outbreak and that"we're not going to know the answer for a while, probably at least two to four weeks."
"It's understandable that not only do you have something to worry about, which we haven't had for a while, but we're also due for a correction," Ms Ogg said. Other large companies, including Apple, Boeing, Microsoft and Procter & Gamble lost more than five per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fund investors retreat from US stocks as coronavirus fears weighInvestors pulled nearly US$3.3 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, snapping the longest streak ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US stocks open sharply lower on virus fears, Dow down 2.2%NEW YORK (AFP) - Wall Street stocks tumbled again early on Thursday (Feb 27), joining a sell-off in most global bourses on fears the coronavirus will grow into a significant international health crisis.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US: Stocks open sharply lower on virus fearsUS: Stocks open sharply lower on virus fears.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks drop more than 4%, extending rout amid coronavirus fearsNEW YORK: Wall Street stocks tumbled again on Thursday (Feb 27) as further spread of the coronavirus exacerbated fears of a global slowdown and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US consumer spending could see one-two punch from stocks drop, coronavirusThe coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some US$2 trillion of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore stocks tumble tracking US rout on virus jitters; STI opens 0.9% lowerSingapore stocks tumble tracking US rout on virus jitters; STI opens 0.9% lower
Source: BusinessTimes - 🏆 15. / 51 Read more »