The longest-ever bull market for U.S. stocks ended Wednesday 11 March.
The downturn, marked by a 20% decline from the most recent high for the Dow Jones Industrial Average, heightens fears that the economic expansion that began following the financial crises.will get wose and worse.
The Dow Jones Industrial Average plunged 1,464 points, or 5.86%, on Wednesday, as investor anxiety over the coronavirus outbreak pushed the index into a bear market for the first time since the 2008 financial crisis.
The S&P 500 and Nasdaq also slipped by 4.89% and 4.7%, respectively.
Among the worst stock performers Wednesday was Boeing, which saw shares plummeted more than 13%. The company, already struggling due to 737 Max controversies, announced Wednesday it was implementing a hiring freeze, citing the "global disruption generated by the COVID-19 coronavirus."
EU-Digest
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