Stocks plunge as markets reel from coronavirus fears...again

[mystery-ak]

Stocks plunge as markets reel from coronavirus fears
By Sylvan Lane - 03/05/20 09:51 AM EST

Stocks fell sharply Thursday as financial market volatility driven by the spreading coronavirus rattles Wall Street for the second straight week.

The Dow Jones Industrial Average fell by roughly 740 points, a 2.7 percent drop, while the S&P 500 opened with a loss of 2.5 percent and the Nasdaq composite fell 2.3 percent. Thursday’s losses follow a tumultuous week for stocks after rallies on Monday and Wednesday punctuated by a Tuesday plunge.

A brief boost of Wall Street relief from former Vice President Biden’s strong Super Tuesday victories gave way to deepening fears about the coronavirus and its impact on the economy.

Business and nonprofits have cancelled hundreds of events planned for spring, U.S. airlines have scrapped flights, and companies are bracing for widespread absences and school closures.

Amazon and Facebook have asked Seattle-area employees after an employee of the online retail giant and a contractor for the social media platform tested positive for the disease.

https://thehill.com/policy/finance/486081-stocks-plunge-as-markets-reel-from-coronavirus-fears

[Applewood]

The market will be this way for some time -- up and down, so we had better get used to it.  Not going to change anytime soon.

[Applewood]

Dow closed at 970 points down, per CNBC.

[libertybele]

The market will be this way for some time -- up and down, so we had better get used to it.  Not going to change anytime soon.

I see it continuing to be in a downward spiral until it is determined whether or not corona will dissipate like the flu once warmer temps settle in and they come up with a vaccine. Until then ... it's going to be a very long roller coaster ride.

[Applewood]

I see it continuing to be in a downward spiral until it is determined whether or not corona will dissipate like the flu once warmer temps settle in and they come up with a vaccine. Until then ... it's going to be a very long roller coaster ride.

Well, I just read that this virus might not go away when the weather warms up.  But who knows? 

Right about now, putting my money under the mattress is sounding better and better. 

[berdie]

My opinion on this matter is worth nada. But I really think that once the "big boys" deem it to be time they will get back in. The market could very well get back to where it was...or higher at that time.

[DB]

A lot of manufacturing, once shut down, is hard to start up again. There's a long line of supply chains where the flow of materials is disrupted and it takes time to straightened them out and get flowing again.