Wall Street’s main stock indexes plummeted as the Dow Jones Industrials crashed 2,000 points on Monday as a 20 per cent slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
Trading was halted immediately after the opening, as the benchmark S&P 500 tumbled 7 per cent to its lowest since June 2019, triggering an automatic 15-minute cutout originally put in place to avoid a repeat of the “Black Monday” crash in 1987, when the Dow slumped nearly 23 per cent.
The energy index plunged 17.3 per cent to its lowest level since August 2004 and crude prices were on track for their worst day in three decades as Saudi Arabia and Russia moved to significantly ramp up production after the collapse of a supply cut agreement.
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Reality setting in and boomers cashing out their 401k’s and signing up for early retirement .
Coronavirus is a godsend because it has the highest mortality rate among boomers.
@Varkusha quite a sick puppy. The boomers were probably changing your nappy. Your generation you sound like a millenial or gen z are a lazy and self centered dumbed down generation. Regards from a gen x’er
So what the market on hand wash / masks and medical supplies plus respirators machines.
Wash your money
You don’t wanna know where it’s been
I want to invest highly in toilet paper ! SHhh 🤫
Hey I went to my local Dollarama and they still had lots
This is insane numbers of cases.
ALLAHU EKBER!! ALAHU AZİZUL HAKİM!!
You just might as well go to the casinos in Vegas and just gamble all your money away
Enormity of this is coming to bare.
AS THE ECONOMY WEAKENS, THE CASE FOR BERNIE SANDERS GROWS STRONGER
Lol
This was caused by a) S.A. reducing price of their oil. and b) volatility loving traders hoping to cash in by encouraging other traders to sell.
I’m gonna go get a good spot in the bread line
Well now its up by 3% thx media for creating all the panic.
Great time to buy if you can.