Spencer Platt | Getty ImagesThe S&P 500 has plunged more than 3% in each of the last two days as investors react to the coronavirus' continued spread outside of China.
The fall has has resulted in 64% of stocks in the index trading in correction levels, or 10% below 52-week highs. More than 120 stocks in the index are now trading in bear market territory, at 20% below 52-week highs. The 20 stocks furthest in bear market territory were all more than 42% below their recent highs as of Tuesday's close.
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:
Pro
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer sees biotech stocks as a refuge in the coronavirus-driven market plunge'I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'' CNBC's Jim Cramer said. If there were an outbreak of CoronaVirus in the US cash is king probably be your theme, too late then... big losses before Cash is King? Lol Flight to safety doesn’t usually involve the most speculative sector of the markets.
Source: CNBC - 🏆 12. / 72 Read more »
Financial Experts Say Stock Market Constantly Plunging, Reaching Record Highs Leading Indicator Of Healthy EconomyNEW YORK—Reminding investors that 800-point swings are completely normal, financial experts confirmed Thursday that the stock market constantly plunging before climbing to record highs was the leading indicator of a healthy economy. “A highly volatile market that reaches a record high one day before suddenly wiping out weeks’ worth of gains the next is a defining characteristic of a robust economy,” said Standard & Poor’s chief global economist, Paul Gruenwald, who urged investors to remain calm and continue buying up stocks before dumping everything the instant the Dow dropped. “We’re right in the middle of what we call an Everest/Mariana Trench pattern, and that’s exactly the kind of wild oscillation you want to see across all markets. Investors everywhere should consider this an opportunity to either make or lose a huge sum of money.” At press time, financial experts were beginning to panic after trade talks between America and China caused the market to briefly stabilize. Apparently it is Sometimes you gotta plunge to soar baby Short term fluctuations don’t matter. It’s way up overall and that’s what matters.
Source: TheOnion - 🏆 724. / 51 Read more »
Trump is reportedly furious that the stock market is plunging on coronavirus fearsAccording to a new report, President Trump believes health officials' warnings over the coronavirus has sparked the market sell-off. I am too Fiscal Stimulus So what happened to Tuesday’s bounce CNBC was so sure of 🤔
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 »
Disney, Amazon, ViacomCBS Shares Hit as Stock Market Tumbles Amid Coronavirus FearsFears of the Coronavirus spreading across the world sent major stock indices tumbling on Monday morning. Shares of Disney and Amazon were down more than 4% in early trading as reports that the dead…
Source: Variety - 🏆 108. / 63 Read more »