Dow Nosedives 900 Points at Open as Pandemic Fears Spur Mass Selling
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Started by metmike - Feb. 24, 2020, 10:17 a.m.

https://www.investing.com/news/stock-market-news/dow-nosedives-900-points-at-open-as-pandemic-fears-spur-mass-selling-2092310

 

      

Dow Nosedives 900 Points at Open as Pandemic Fears Spur Mass Selling

 Stock Markets49 minutes ago (Feb 24, 2020 09:26AM ET)                                                                            

By Kim Khan 

Investing.com - Wall Street plunged into the red in early trading Monday as a spike in the number of Covid-19 virus cases confirmed outside of China pushed money out of riskier investments.


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By metmike - Feb. 24, 2020, 10:28 a.m.
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Coronavirus latest: US stocks tumble 2.8% as outbreak spreads to Europe

https://www.ft.com/content/a2cffe29-a3f4-35bf-9424-6dee1883d79d


The WHO says coronavirus is not yet a pandemic. Director general Dr Tedros Adhanom Ghebreyesus told a teleconference in Geneva:     For the moment, we are not witnessing the uncontained global spread of this coronavirus, and we are not witnessing large-scale severe disease or death. Does this virus have pandemic potential? Absolutely. Are we there yet? From our assessment not yet. He added:     What we see are epidemics in different parts of the world, affecting countries in different ways and requiring a tailored response. The sudden increase in new Covid-19 cases is certainly very concerning. I have spoken consistently about the need for facts, not fear. Using the word pandemic now does not fit the facts, but it may certainly cause fear. Dr Tedros continued:     We do not live in a binary, black-and-white world. It’s not either-or. We must focus on containment, while doing everything we can to prepare for a potential pandemic.

By Jim_M - Feb. 24, 2020, 12:32 p.m.
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