Stocks spent nearly all day in negative territory with the exception of a brief jump higher in the Nasdaq Composite. Market expectations that the Federal Reserve will step in to stop the selloff and boost the economy have shot through the roof after the dramatic week.DowS&P 500Read MoreNasdaq Composite The lower close shows that investors are willing to hold their positions over the weekend, which signals that the coronavirus -linked selloff might continue.
Even though the next Fed meeting is three weeks away, the central bank could meet earlier for an emergency rate cut, said analysts at Bank of America Merrill Lynch Friday afternoon. The last emergency rate cut took place in 2008.BofA also expects a half percentage point cut.But the speculation about a rate cut also implies that the economy could be worse off than widely believed. "If the Fed need to intervene, how bad is the situation?" said David Madden, market analyst at CMC Markets.
and its getting ready to be 'TIME TO BUY' !!!!!
The corona virus is 5G , watch this. No wonder people are extremely worried about it
media is feeding the fear,when more people die of the common flu in America every year,5000 so far and the media didn't care to report it
Massive rebound coming Monday... Oversold, the thing is the financial system is in decent shape and usa will pump luquidity as required...
The only fears are from the liberal media.
Will get worse when works will be too scared to leave home.
Don't try to blame s virus, It's Trumps fault! I don't even know you anymore
And you just contain your joy can you?
MAGA cult, before you spout off about 'the media' take a serious look at how just the global supply chain has been impacted due to the virus. That's very real and a big concern for investors worldwide. 'The media' is just reporting about it as it happens.
Went through this with the swine flu as well. Ho hum.
CNN sucks. The fear-mongering is driving the downturn
How's it going realDonaldTrump
CNN ... “Let’s put everyone in a panic about Coronavirus!” “ Let’s cheer the stock market crashing because of the Coronavirus,” 🙄🙄🙄
Corrected Headline: Stocks are on sale who wants in?😃👍🏾
And because of Trump's failure on coronavirusus , StockMarketCrash2020 will happen on Monday. Another bad week.
Stock market won’t tell a lie
no dead bat bounce
Under the wise leadership of Comrade trump, the great leader of the American people, the United States is confident of its ability to defeat the virus
Great Depression once more?
It’s almost like the market fluctuates based on global markets and has little or nothing to do with trump or something.
Yeah, but JaMorant had a 🔥 game tonight, so if you have stock in Ja like I do, you shouldn’t be worried.
Dollar averaging. Rich (me) gettin’ richer 😎👌🏻.
This week is going to be worst, bumpy road ahead 🥳🥳🥳a recession is started,but only for the Rich 🙏🙏🥳🥳🥳
Great week for CNN tho. Amirite
It’s you idiots that are making this much worse than it is
or corona-fear-mongering elevated as stock fears mount
Another record for Donald Trump .
Trump said that the United States controls well, what is the stock market afraid of?😏😏
tinzon11
And CNN is cheering it on
realDonaldTrump says it's a hoax. Who should I believe?
StockMarket COVID19 TrumpCrash
No thanks to CNN
Omg I’m so proud of you. A solid story that wasn’t worthy of the supermarket checkout line and no mention of Trump. P.S. as an ATLien I hold you to higher standard. You could be zero biased fact news rather than all the ragtag opinion crap. There is always foxnews for that
There you go IMPEACHED POTUS Just piling up those records for your historical library. Wow, this is really a big one. You should be so proud!
The first 2000 points will come quickly. We have coming up additional payments to 401ks and pension plans to defer 2019 taxes plus current contributions that managers will deploy
And yet, Chinese markets saw a minor blip. Proof American media is driving the speculation and fear.
Obama's market is failing.
Wow CNN has discovered the stock market now, not that it hasn't been making news every week since Trump took office.
Restaurant owners said the coronavirus scare is just adding to the list of reasons people have given for not coming to San Francisco, along with dirty streets, the homeless and open drug use.
It's all the Demented Dems fault.
BREAKING: “I believe this is a pandemic and it should be called a pandemic.” Dr. Irwin Redlener of National Center for Disaster Preparedness on coronavirus. Trump is a pathological liar and his lies are going to hurt Americans. Trump should cancel his stupid rally tonight.
It's no biggie if you don't need your cash just leave it there.2008 took quite a while this might take longer. If The Dems take the presidency it's going down again in the fourth quarter. Excellent time to put in what you've had sitting on the sidelines how low can she go.
That’s what happens when desperate dems trying to win an election and activist media trying to help them. Scare tactics work.
Well, I guess that money doesn't buy happiness.
This obviously makes the DNC’s media sooo happy. 🙄
thar company needing much money for your bussnes DowJones
Yep pretty bad for Obama’s economy and stock market.
I’m just buying the dips left and right. This isn’t a liquidity or credit issue, like in 2008. This is jolt but the rebound will come much faster than the financial crisis in 2008
Cnn is depressing
All while under the watch of our fearless leader realDonaldTrump He should resign? NOW!!!
The Dow did finish very strong though. It was down 1,085 this morning.
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