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Breaking: Wall Street Plunges Again as CDC Sees ‘Inevitable’ U.S. Virus Spread

Published 02/25/2020, 02:48 PM
Updated 02/25/2020, 02:50 PM
© Reuters.

© Reuters.

Investing.com – Stocks plunged for the second session in a row Tuesday as investors fled risk following comments from the Centers for Disease Control and Prevention that the U.S. faced further spread of Covid-19.

  • The Dow Jones Industrial Average dived 3%, or 840 points. The S&P 500 sank 2.8% and the Nasdaq Composite tumbled 2.4%.
  • The CDC said that Americans should prepare for the “inevitable” spread of Covid-19 and that there will be disruptions to everyday lives of Americans. The market shrugged off assertions from White House adviser Larry Kudlow that in the U.S. the virus is contained “pretty much airtight.”
  • The United States 10-Year Treasury yield set a new-all time low of 1.307% as money flooded into safe havens like bonds.
  • Latest comments

    Silly bond buyers, nice try but there are no fire exits this time.
    Well, that's not a positive headline...
    Down to 0 where it belongs
    I'd buy some stock every dip. This will come back and then some. Market was inflated. All it needed was some negative news.
    In some way or another trump will blame all others all nations, and will only stir the pot to anger the Nations trying to do good in the help of curing this Health problem, trump will only point fingers
    Coronavirus will solve our social security issues by.. um .. reducing expenditures...
    100% manipulation, powerful getting richer
    Yeah, sure. And Chinese locked down tens of millions of people just for fun and smoke and mirrors...
    The only manipulation is pump
    And the AFC team won the Super Bowl.
    lol ******you Kyle Shanahan!
    d a m n*
    no vaccine   market is tired   just normal correction.   Up from here , it is election year.  even if the fed has to go to neg interest rates.  up from here
    A MA company Moderna Therapeutics just sent a vax to the NIAID yesterday for phase 1 trials
    A long overdue correction. The market has been pumped up on debt, and printing money. Trump wants lower interest rates to keep the market pumped up to election time. Homes are overvalued, inflation on groceries, and basic needs inflated higher than the increase in pay to the workforce. Winning bigly is fun, until you have to pay off debt.
    so you say is going to keep going down,?
    Btfd!
    There is already a vacine. People are just too much scared of a flu.
    where did you get the confirmation for the vaccine?
    again buy ??
    nazdaq right now ?
    the markets needed an excuse to plunge. bears have seen thus coming for years. they thought 2016 would do it, then Dec 2018 was suppose to do it, now a world wide pandemic with Chinese factories closing down they think they have it. my response...maybe
    2018 dec was good for me made 30% on my first week in the market
    wait until 70 million Americans retire next ten years and draw on their pensions.
    What will be will be - Congratation short side to keep now
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