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Economy

“Dow plunges by 950 points on fears coronavirus will tank global economic growth”

“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily drop since August.

Travel-related stocks continued to take heavy hits as the epidemic restricted movement and discouraged vacationers, with Delta Air Lines and American Airlines falling by 5 percent. Casino operators Wynn Resorts and MGM Resorts each tumbled by around 4 percent…”

https://www.nbcnews.com/business/markets/dow-plunges-950-points-fears-coronavirus-will-tank-global-economic-n1141546

My advice is be prepared for the rebound. If market fears continue to grow I have a strategy for that as well. I’m still playing the market. I’m invested in medical stocks at the moment.

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