Stock Market in Historic Slide as Coronavirus Fears Escalate
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From the Center
U.S. Stocks Slide Into a Correction as Virus Fears Show No Sign of EasingThe February market rout deepened Thursday, as major stock indexes around the globe posted another round of significant declines and uncertainty over the impact of the coronavirus began shading into fear.
The Dow industrials tumbled 1,190.95 points, or 4.4%, to 25766.64, bringing its slide this week to more than 3,200 points. The S&P declined 4.4%, extending its six-day decline to more than 10%—the fastest slide of that magnitude off a recent all-time high on record.
The S&P 500 and the Nasdaq Composite notched their largest one-day percentage declines since August...
From the Center
Stock-market plunge ‘starting to feel a bit ridiculous,’ but don’t argue, says chart-watcherIt doesn’t pay to fight the tape, but the stock market could be poised for a big-time rally once the current selloff subsides, a veteran chart-watcher said Thursday.
“This move lower is starting to feel a bit ridiculous, but we try not to argue with Ms. Market,” said Mark Arbeter, president of Arbeter Investments, in a note. “If and when this thing turns, we should see some rip-roaring rally.”
A relentless six-day selloff pushed major indexes into market-correction territory on Thursday, defined as a drop of more than 10% from...
From the Left
Dow drops 1190 points amid coronavirus fears, S&P 500 sees fastest correction in historyMarkets plunged for the sixth consecutive day on Thursday, with coronavirus fears shaving over 1,100 points off the Dow — its biggest in history — and sending the S&P 500 Index swooning to its fastest-ever correction.
Investors took fright amid the first coronavirus case in the U.S. involving a person who didn’t travel to an infected country and didn’t knowingly interact with someone who did. Meanwhile, California’s governor said the state is monitoring more than 8,400 people who could possibly have the virus.
The virus continues to spread globally, with...
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