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Wall Street tumbles again on virus fears, confirming correction

Published 02/27/2020, 04:43 PM
Updated 02/27/2020, 04:43 PM
© Reuters. Traders work on the floor at the NYSE in New York

© Reuters. Traders work on the floor at the NYSE in New York

NEW YORK (Reuters) - Wall Street's main indexes plunged on Thursday in their sixth straight day of declines with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified investor worries about economic growth.

© Reuters. Traders work on the floor at the NYSE in New York

The Dow Jones Industrial Average fell 1,197.43 points, or 4.44%, to 25,760.16, the S&P 500 lost 137.99 points, or 4.43%, to 2,978.4 and the Nasdaq Composite dropped 414.30 points, or 4.61%, to 8,566.48.

Latest comments

down with Trump
What about Iran? How warmer weather they would needed? Normally you quite right, but im not sure in this case, i just hope...
It is cold in Iran in winter.
When the weather gets warmer the flu like virus will be forgotten AIDS is more dangerous
We all don't pound ******manner like you do.
Feces. Fec al matter
Depends on... just don't use the toilet for s e x.
I ask, who would buy on dips at this point ?
i am buying and i mostly buy during dips
I will wait till pcall is back above 1 before buying the dip.
I did in case of some stocks that were already undervalued (on my opinion) before the virus news. But I entered with small money: about 0.5-1% of my bank per position.
Sell trend very strong on S&P 500
S&P going down again...
This nonsense this virus is like common flue does not ***** AIDS kills
Are you positive of that?
Spotted the ********matter pounder. And it's more dangerous.
They still haven't found a cure for The Walking Dead and it's been like 10 years. So it's possible they haven't found a cure for this covid-19 yet 😆
Mr Luu Hung you are right and I say if there was a cure for the Ebola virus in no time than why is there no cure for AIDS thus far or there is a cure but many will lose big monies because they make trillions with medical supplies such as anti-viral drugs. This world is evil and filled with greed.
I thought HIV is more dangerous than this Corona thingy lol
Hilarious................
omg. Your name is so bear lol
The Ebola virus which broke out in the Congo a few years ago was the 2nd deadliest disease worlwide which killed thousands but a cure was discovered. So what's taking so long to get a cure for Covid19. There is no cure for fluenza, it was there before and it will always exist and we gotta live with that but I get a feeling that this Covid19 is man made and if so then whoever is behind this should be charged for crime against humanity. If a poor community ate something in China which cause the virus like they say then governments and the world health organisation should start taking the poor seriously. For now let's stop blaming each other and hope that a cure will be found so that this virus will come to an end and we all can go about our lives.
market manipulation using virus news
You can also be right, we act according to what we hear and just maybe we are being played the fool.
There is a cure they are testing on animals right now to determine its safety and efficacy rate
This is ridiculous. Everyone is so afraid to get this virus and we have others much more dangerous.
thousands of people die every day frim smoking, drinking and drugs. *****? this virus is just way to move markets
HD, CRM, and Beyond report record earnings and the market doesn't notice. My My they are worried about the Corona it's not a new virus it's listed on the back of a Lysol can for goodness sake.
It’s a type of virus *****
Influenza infects and kills far more people EVERY YEAR, the ignorance surrounding this issue is glaring
CV cases were first reported beginning of December. not just getting started.
also CV deayh rate per cdc on reported numbers for ages 50 and under is 1.5 percent which is skewed high because of unreported infection. deaths are harder to hide so that number shouldnt have much variance in being in accurate
Quarantine is not decided by the virus but by human authorities.
A flu drops the markets hard it seems like a joke...
So many medical scientists around the world, but not able to make any medicine in 59 days!!!!
then you just long it! What a chance to buy the dip!
The virus was just an excuse to dump assets. Too many were on the long side. By itself, the virus will eventually die down and maybe there will be some aftereffects, but by and large, I think people wanted to dump shares and take profits. People holding now are left holding the bag and that is terrible.
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