Why the market suddenly got so worried about coronavirus-An Pham Investment
- Viet News Digger
- Feb 25, 2020
- 1 min read
The story is now much bigger than China
The stock market on Monday got slammed.
All three major indexes fell more than 3%. The Dow dropped more than 1,000 points for just the third time in its history. For the Dow and the S&P 500, Monday was the worst day in two years.
Fears over coronavirus were cited as the proximate cause of this market stress.
Just a week after Apple (AAPL) announced that it would not meet its first quarter revenue guidance because of coronavirus and just three trading days after all three major indexes hit record highs, the coronavirus story has completely changed for investors.
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