Monday, February 24, 2020

Pandemic Fears Grip World Markets

Monday's drop put the Dow on pace for its biggest one-day point drop since February 2018, when it lost more than 1000 points, erasing its gain for that year

Daily Mail: Dow plunges 1,000 points to give up its gains for the year as fears mount the coronavirus outbreak in China will become a worldwide pandemic

* The Dow Jones Industrial Average dropped more than 1000 points on Monday due to concerns of the coronavirus becoming a global pandemic
* The Dow traded as high as 1080 points lower, or 3.7 per cent, after having erased all gains for the blue-chip index for the year
* The S&P 500 also slid 3.5 per cent, its biggest decline since February 2018, while the Nasdaq Composite was 3.9 per cent lower

Stocks were tumbling around the world as the Dow Jones Industrial Average dropped more than 1000 points on Monday, giving up its gain for the year due to concerns of the coronavirus becoming a global pandemic.

The Dow traded as high as 1080 points lower, or 3.7 per cent, after having erased all gains for the blue-chip index, leaving the index negative for 2020.

The benchmark S&P 500 also slid 3.5 per cent, its biggest decline since February 2018, while the Nasdaq Composite was 3.9 per cent lower.

Until health officials are able to contain the coronavirus, analysts say they expect investors will continue to be driven to sell.

Read more ....

WNU Editor: This is what panic selling looks like.

More News On Pandemic Fears Gripping World Markets

Dow drops more than 1,000 as outbreak threatens the economy -- AP
Wall Street clobbered as pandemic fears rattle markets -- Reuters
Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years -- CNBC
Dow closes down 1,000 points as coronavirus fears slam Wall Street -- NBC
Covid-19 Contagion Sparks Carnage As Stocks Wipe Out All 2020 Gains -- Zero Hedge

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