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Two Day Stock Market Plunge Exceeds 1,900 Points on Coronavirus Fears

2020-02-25 89 Dailymotion

Two Day Stock Market Plunge Exceeds <br />1,900 Points on Coronavirus Fears The spread of the flu-like virus <br />has ignited concerns that the <br />global economy could be slowing. Monday's market loss of 1,000 points <br />was the worst in two years. On Tuesday, the CDC urged <br />Americans to prepare for the expectation <br />that the U.S. outbreak of the virus "might be bad." Following the statements <br />from the CDC, Tuesday's trading <br />saw a 3 percent market loss. Mohamed El-Erian, CEA Allianz, via CNBC Technology stocks including <br />Facebook and Apple were down 10 percent <br />from their all-time highs hit earlier this month. Major U.S. bank stocks also fell <br />between 2.4 and four percent.

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