Stocks opened sharply lower and extended their losses in the first hour of trading. The Dow fell nearly 1,086 points at its low-point. It was most recently down 980 points, or 3.8% -- its seventh-straight day in the red. The index dropped 3,226 points in the first four days of the week, including its worst one-day point drop in history on Thursday. On a percentage basis, Thursday's 4.4% slump was the worst performance since February 2018.
The Federal Reserve is in focus on Friday, after expectations for an interest rate cut at the March 18 meeting spiked to 100%, according to the CME FedWatch Tool. Some market participants -- 34% -- even expect a half percentage point cut.That said, various Fed officials have so far said rate cuts are not yet necessary.
This market plunge will be named 'RED MONDAY'!! Can you remember 'Black Friday'?
Looks like trump is fighting his toughest opponent yet by the name of “CORONAVIRUS”, who may actually lead to the fall of his wishful empire. He can try and down play it okay all he wants, but no quid pro quo will help him here. Bet he never saw that coming!!!
Warmer weather will end this and the stock market will go up again. Cnn likes fear.
Trump supporter just told me it’s all BS and no worse than the flu. This is the problem with trump downplaying this whole thing.
TrumpVirus
This is the only thing Trump cares about right now
Well your fear mongering is doing exactely what you want. You want to hurt President Trump. In the end it will backfire just like all your other sheninanigans
The same 'experts' that were influencing and/or making decisions last week are advising on solutions now. These boom bust cycles are ridiculous. Pure greed and gross mismanagement of risk. Again. NoBailouts Risk MoralHazard
CNN: Spreading fear and hate since the first gulf war.
This stock market is like one of trumps toilets. It takes a whole bunch of flushes to get it down.
Reviewing legal options for remedies to loss of asset value due to media stoking unnecessary fears by which stock market values were unnecessarily diminished. Class action pending...
The TrumpCrash continues. Incompetence carries a financial price.
Thank goodness Im out. It's only going to get worse! Warnings are coming out everywhere and now we're being told that we should stockpile food
realDonaldTrump WhiteHouse StockMarket
good to see by that photo that Charlie Day will be playing 'distressed Wall St employee' in the movie version of this
Isn’t is absolutely amazing how the Dems have created a hoax so believable that schools in Japan have closed?
The deepening global economic downturn, coupled with heightened risk aversion in financial markets, adversely impacted trade and investment in the region.
Buy, buy, buy!
Time to buy
Oh my!!! And it is all the Fault of CNN. Just ask Trump the man who tells us Windmills cause cancer! I feel protected from the virus now! The “Stable Genius “ has it all under control! No one knows more about Technology or in this case viruses than Trump. Ask him!
Looks what happens when we have just a whiff of Communist Bernie .. MAGA2020 !
Today Trump is planning to blame the WH gardeners for this. There is no one else left.
Hmm the day just began, WTF.
Is this really Coronavirus tumble or we are scapegoating Coronavirus for the explosion of the bubble
dbongino I think I heard BarackObama taking credit; saying that this was a continuation of the policies that he set in motion back in 2008....
Trump is UnFit to be President along with Pence.
This drop is due to Obama's Obama's presidency, not trumps. Trump makes the market go up
Way to go Stable Genius! lol
I find it funny that you never showed the increase in the stock market like you are sharing the decrease.
The Democrat party is celebrating! We finally have a chance. Sickening.
Fake news
These fearmongering libs are ruining the economy. This is what happens when we take Jesus out of schools.
Pinned to my page is a livestream from a busy Thailand tourist spot. Hundreds of foreign tourists oblivious to COVID19, taking no precautions in a country the size of Cali with (supposedly) 41 cases. They all have to get on planes and come home at some point. Please check it out
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