The Briefing Room

General Category => Economy/Business => Topic started by: mystery-ak on March 11, 2020, 08:21:41 pm

Title: Stocks plunge as coronavirus fears throw Wall Street into bear market
Post by: mystery-ak on March 11, 2020, 08:21:41 pm

Stocks plunge as coronavirus fears throw Wall Street into bear market
By Sylvan Lane - 03/11/20 04:10 PM EDT

Stocks plunged on Wednesday as deepening concern about the potential economic toll of the coronavirus outbreak and uncertainty over the prospects for federal stimulus pushed Wall Street into bear market territory.

The Dow Jones Industrial Average closed with a loss of 1,466 points, falling 5.9 percent. The S&P 500 index fell 4.9 percent while the Nasdaq composite fell 4.7 percent.

Wednesday’s losses plunged the Dow to 23,553.42 points, 20 percent below its 52-week high of 29,551.42 set on Feb. 12, the threshold for entering a bear market. The S&P index has fallen barely under 20 percent from its 52-week high of 3,386.15 points on Feb. 19.

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https://thehill.com/policy/finance/487105-stocks-plunge-as-coronavirus-fears-throw-wall-street-into-bear-market

Title: Re: Stocks plunge as coronavirus fears throw Wall Street into bear market
Post by: Formerly Once-Ler on March 11, 2020, 11:39:02 pm

Add it to the Trump accomplishment list.  First and best bear market in 11 years!!!

Title: Re: Stocks plunge as coronavirus fears throw Wall Street into bear market
Post by: IsailedawayfromFR on March 12, 2020, 01:53:15 am

It won't be too long before a lot of financial folks will be looking for other jobs as the industry contracts.

Title: Re: Stocks plunge as coronavirus fears throw Wall Street into bear market
Post by: libertybele on March 12, 2020, 02:00:22 am

Quote from: Once-Ler on March 11, 2020, 11:39:02 pm

Add it to the Trump accomplishment list.  First and best bear market in 11 years!!!

 *****rollingeyes***** *****rollingeyes*****