A monthlong bout of coronavirus has ravaged China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations.
Stocks get slammed Friday Dow skids 0.7% in January and falls beneath its 50-day moving average at 28,443.30, a short-term line it hasn’t closed below since October, according to Dow Jones Market Data. Moving averages are used by market technicians to help determine bullish and bearish momentum in an asset.
Oil is on the verge of a bear market Coronavirus could hurt demand for crude because China is among the biggest importers of the commodity, putting oil prices on the verge of a bear market. Entry into a bear market is defined by a price drop of at least 20% from a recent high. The S&P 500’s energy sector nears closing in a bear market The S&P 500 Energy sector XLE, -3.12% is on the brink of closing on Friday in bear-market territory. It would need to close at or below 405.8 and is currently at 404.1.
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:
I bought up some assets!
Wasn't effected yet to China. Wow ..... Wall Street made a big deal dragging DOW almost 1000 points. Watching they're going to boost DOW up another the 2000 in couple months later. Wall Street game . Perfect guys
The biotech sector and some pharmaceuticals might have trended upwards, while the Dow charted a decline over the second half of January as a result of the Chinese Coronavirus contagion.
One thing seems VERY likely coronarovirus will severely impact an already degenerating economy and social structure The impact in wuhan china is unmistakably destructive It may not be as virulent elsewhere..we'll see But china economic damage is huge now and will go global
0.8%, that’s laughable
He’s a medical professional leaving for Wuhan to help with the coronavirus. She’s his wife and worried for his safety.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street slides on China virus concerns, Facebook earningsThe main U.S. stock indexes are on course for their second weekly declines as the death toll from China’s epidemic climbed to 170, spreading to over 15 countries, disrupting global travel and leading several companies to suspend operations in China why do I feel like if there was ever a zombie apocalypse, there'd be a headline 'how will the end of humanity effect stocks?' U. S. Stocks best in the World
Source: Reuters - 🏆 2. / 97 Read more »
Here's what happened to the stock market on FridayStocks ended January on a disappointing note after concerns around the deadly coronavirus intensified. Blame realDonaldTrump ... or is this a hoax, fakenews Here's what happened to the stock market today... I’ll save everyone some time in stead of reading that article. Market went down about 2% today. Big deal. And guess what? 50% chance it will go down on Monday. Yawn.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. stocks retreat on virus fearsConcerns over how the spreading coronavirus outbreak will impact growth in the U... Retreat? That was a bloodbath Impeachment circus is over... stocks will rebound on Monday MAGA That is what Trumpypoo wants you to believe. It is because he is a Loser coward that the market sank.
Source: Reuters - 🏆 2. / 97 Read more »
Earnings volatility set to kick in as coronavirus worries mountConcerns over the outbreak of coronavirus from China have largely overshadowed c... now we know why sure. blame it on the virus. Is that how the world ends? (Not saying that's happening now.) The media is going to keep reporting about financial markets during a catastrophic event? Who gives a shit? It's not like we can do a damn thing about the markets.
Source: Reuters - 🏆 2. / 97 Read more »
Companies feel impact of coronavirus outbreak in ChinaSome companies have warned that a coronavirus outbreak in China that has killed ... Everyone wanting more information about this virus should check out this article that may have just gotten zerohedge banned from twitter: The section I've highlighted seems to imply the virus is engineered/designed. Ok...so please correct me if I am wrong...these 'greedy' companies are just afraid and worry about losing some money from their millions of millions but obviously they don't care about the danger the people and their clients are going through...☣️ those poor companies
Source: Reuters - 🏆 2. / 97 Read more »
Factbox: Companies feel impact of coronavirus outbreak in ChinaThe coronavirus outbreak in China is hurting the bottom lines of businesses. These companies are feeling the impact of the global health emergency Boo hoo. These are themultinationals who pay no tax? Poor them Come to India
Source: Reuters - 🏆 2. / 97 Read more »