General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWorld markets drop for fifth day amid fears of virus spread
Global stocks dropped for the fifth straight day on Wednesday as fears of a worldwide outbreak of the coronavirus continue to grow.
The Dow Jones Industrial Average has slid 7.72 percent over the last five days according to The Wall Street Journal, while the S&P 500 has dropped 7.62 percent and the Nasdaq index has fallen 8.67 percent over the same period.
Shares dropped in Tokyo where the outbreak has stoked fears that the Olympic Games could be canceled in July, according to Reuters.
The continued slide has reportedly infuriated President Trump, who is seeking reelection this year and is reportedly worried that health advisers' public warnings about a possible outbreak in the U.S. have only exacerbated fears among Americans, further harming the economy.
Trump has publicly blamed Democrats and the news media for stock market losses amid the outbreak, while Democrats have hammered the administration over cuts to the Centers for Disease Control and Prevention (CDC) funding.
https://thehill.com/policy/finance/484674-world-markets-drop-for-fifth-day-amid-fears-of-virus-spread
Sanity Claws
(21,851 posts)Disaffected
(4,559 posts)at 11:26 EST. Happy days are here again.....
Javaman
(62,532 posts)Sanity Claws
(21,851 posts)Very volatile market. Not looking good.
moondust
(20,002 posts)Looks like the top 10% who own 84% of US stocks may be getting concerned. Can't imPOTUS announce a big new tax cut or something for them to calm their fears and help his re-election?