Strategists and technical analysts pointed to other signals in the market that helped fuel a sell-off that the outbreak had failed to trigger so far.A lack of market breadth is one area that showed weakness, JC O'Hara of MKM Partners said in a note to clients over the weekend. With the best performers this year being concentrated in a small group of tech stocks, a downturn for those stocks could result in a spill over to the broader market, O'Hara said.
O'Hara also noted that the market's slump at the end of last week brought the S&P 500 close to dropping below its 50-day moving average, a key level watched by technical traders. The index broke through that level on Monday as soon as trading began. Investor sentiment also seemed not to have priced in some of the risks from the outbreak, strategists said. The American Association of Individual Investors reported last week that 40.6% ofBruce Bittles of Baird said in a note to clients on Monday that investors seemed too complacent in recent weeks, making the market susceptible to a pullback.
The wall don’t look so bad now does it
The period from infection to symptom showing keeps getting longer. It is time for an explanation. tt:CDCgov HHSGov WHO nytimes WashTimes RandPaul
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 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.
Cramer on market plunge: Coronavirus impact on companies could be 'more severe than thought'The global stock market sell-off on the widening outbreak of coronavirus beyond China indicates further negative effects on U.S. multinational companies' earnings, CNBC's Jim Cramer said. MadMoneyOnCNBC Joe public trusted you pigs and look what you did!!! Had Joe buying all time highs just two weeks ago, hope you sleep well still tonight MadMoneyOnCNBC Duh! Eat some insects you Kanamit.
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks roiled as Italy and South Korea sound coronavirus alarmStock markets around the world are selling off on Monday morning as coronavirus cases spike in Italy, South Korea and the Middle East. Live shot of Larry Kudlow: Ever notice how giddy cnbc gets when the markets are down. They'll trot out the same idiots and do the same stupid interviews. Now this is getting scary
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Dow futures down 770, airlines slide, Apple dropsStock market live updates: Gold futures gained more than 2% to around $1,680 per ounce, reaching its highest level since Jan. 23, 2013. top
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Markets plunge, White House reacts, Apple leads slideStock market live updates: Stocks plunge at midday as coronavirus fears rattle investors.The Dow is down more than 900 points. tell the whole truth, market is not just down on the virus, its down on fears of the virus, historical low bond yields, and Bernie. FactsMatter Interesting that on days like this we tend to see more older males as guests so that they can be the reassuring grandpas for us. :) DOW JONES DROPING SHOULDNT STOP YOU FROM MAKING MONEY THIS YEAR ...THE SPORTSBETTING MARKET IS ALWAYS OPEN AND WE CASHED IN 300k THIS YEAR ALONE...FOLLOW US FOR A CHANCE TO WIN 200$ SENT TO YOUR PAYPAL
Source: CNBC - 🏆 12. / 72 Read more »