It's the third time in six days amid the coronavirus outbreak with the S&P tumbling eight per cent at open on Monday.Traders reacted to drastic weekend measures from the Federal Reserve to stave off a global recession - the second emergency cut in interest rates by the US central bank in a fortnight.
Just before the halt, the Dow Jones Industrial Average was down 2,250.46 points, or 9.71%, at 20,935.16, the S&P 500 was down 220.55 points, or 8.14%, at 2,490.47 and the Nasdaq Composite was down 482.15 points, or 6.12%, at 7,392.73.One Australian man landing at the Gold Coast seems to have few concerns about the new 14-day quarantine restrictions on anyone arriving in the country.he's planning to "punch some cones" to the dismay of his female companion.
And finished at 12%. Look like Trump signing souvenirs to celebrate how successful the stock market finished on Friday didn't inspire confidence anybody apart from himself.
So stocks can rise to infinity, day in and day out and there’s no problem there.....as soon as it tumbles, bring in the circuit breakers to limit the downside. Free markets.
A little surprising given the news out of China. They have recommenced shipping and manufacturing in significant numbers. No new reports of Covid-19 outside of ground zero, except for travellers returning. Not suggesting a rosy picture, but certainly an improved outlook?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus update: COVID-19 death toll jumps by more than 360 in ItalyItalian authorities say they are worried about how much longer the country's strained health systems can cope with the coronavirus outbreak. Two weeks ago Italy had hundreds of infected. Now,they have hundreds of deaths for one day. Wonder how many people still think it’s just a flu? The question is who’s dying? Old people? Old people with pre-existing conditions? Children? Immunodeficient children? 'Migrants' from Africa?
Source: abcnews - 🏆 5. / 83 Read more »
COVID-19: Airlines around the world slash schedules, jobs and payRestrictions placed on travel due to the coronavirus are hammering the airline industry, prompting flights and jobs to be slashed. Oh, well there's a surprise... Virgin will definitely go under..
Source: SBSNews - 🏆 3. / 89 Read more »
Using 'alarmist language' to talk about COVID-19 'doesn't help anyone' | Sky News AustraliaAn elective surgery blitz has been announced by Victorian hospitals, a decision writer Corrine Barraclough described as surprising at a “time when people would not be wanting to go to hospital” where they could risk contracting the coronavirus. \n\nThe Sunday Age reported that more than 7,000 patients will have their elective surgeries fast tracked to be completed in the next few weeks to free up capacity in Victorian hospitals as health officials across scramble to prepare for a “tsunami” of COVID-19 patients. \n\nMs Barraclough said the use of the word tsunami in this context was “alarmist” and 'what we need is calm information relayed rather than this building hysteria'.\n\nImage: Associated Press WTF? Save your anaesthetists, you will need them to manage all the extra ICU beds that will be required
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US moving to widespread COVID-19 testing amid calls for shoppers to stop hoarding groceriesAfter criticism of the US administration's failure to provide for widespread coronavirus testing, Mike Pence says more than 2000 labs will be put to the task. When this blows up in the US, Pence will be the fall guy. Trump will wash his hands of any blame.
Source: SBSNews - 🏆 3. / 89 Read more »
Australia's COVID-19 death toll rises to five | Sky News AustraliaExtra precautionary measures are being taken at all aged care facilities after two more elderly Australians died overnight from COVID-19, bringing the nation's death toll to five.\n\nOne of the victims was a 90-year-old woman who was the third resident from the Dorothy Henderson aged care facility in Macquarie Park, NSW, to contract the virus after a worker in her 50s was diagnosed after returning from overseas travel. \n\nA 77-year-old woman from the Sunshine Coast also died in Sydney at the weekend after becoming unwell on a flight on Friday. \n\nImage: Getty Complimentary Asian wearing a face mask with every story about COVID-19.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australians face tough new restrictions amid COVID-19 crisis | Sky News AustraliaAustralians are being warned to brace for tough new restrictions on movement as the government ramps up its fight to slow the spread of COVID-19. \n\nAustralia's death toll has risen to five after two people died in New South Wales overnight. \n\nThere are now more than 250 cases of coronavirus in Australia. \n\nThe government encouraged people to practice social distancing measures, has banned gatherings of more than 500 people and is considering restrictions on visits to aged care facilities. \n\nSpeaking to Sky News on Monday, Prime Minister Scott Morrison said the government would make more decisions after health officials handed down further advice on Tuesday. \n\n“People can expect to see a fairly significant restriction on visitation to people on nursing homes,” he said. \n\n“No one measure is going to be the knockout blow to the coronavirus, that’s just not how this works.\n\n“All of the measures are relative and when they work together it lowers the overall risk.” Is the NRL being warned?
Source: SkyNewsAust - 🏆 7. / 78 Read more »