Headline Roundup • March 11th, 2020
11-Year Bull Market Ends as Volatility, Coronavirus Fears Plague Wall Street
Summary from the AllSides News Team
Featured Coverage of this Story
MarketWatch
It’s the end of a bullish era for the stock market and the beginning of a new phase of bearishness, after a sharp plunge for risk assets on Wednesday pushed the Dow Jones Industrial Average into bear-market territory for the first time in more than a decade.
U.S. equity indexes on Wednesday mostly resumed a downtrend that saw all three major U.S. equity gauges touch bear-market territory, commonly defined as a decline of at least 20% from a recent peak. The declines deepened after the World Health Organization declared COVID-19,...
The Guardian
Wall Street’s record-breaking 11-year “bull market” came to an end on Wednesday as fears about the spreading Covid-19 pandemic hit stock markets again.
US stock markets have been on an unprecedented streak since 2009, a bull market of gains. On Wednesday investors sold off shares across all sectors after the World Health Organization declared the outbreak a pandemic for the first time and criticized “alarming levels of inaction” by governments in corralling the virus.
The Dow Jones Industrial Average closed down over 1,400 points, 5.8%. After days of wild fluctuations,...
CNBC
Futures contracts tied to the major U.S. stock indexes were higher on Wednesday night after the Dow Jones Industrial Average ended its historic 11-year bull market run by closing in a bear market.
Dow futures were up more than 200 points. S&P 500 and Nasdaq 100 futures were also higher.
President Donald Trump will deliver an Oval Office speech at 9 p.m. ET in an effort to address questions and concerns about the spread of the novel coronavirus. The president is expected to unveil details of his economic stimulus plan...
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