“And I think the markets are realizing that it’s going to be uncertain for a period of time.”The disorder in financial markets has spread well beyond the market for stocks. Bench mark prices for American crude oil fell more than 9%, to less than $30 a barrel, and gas prices nose-dived. Some analysts predict that oil prices could drop below $20 a barrel in the coming weeks. The S&P 500 financial sector fell nearly 14%, with regional lenders such as Fifth Third, Citizens Financial and KeyCorp all dropping nearly 22%. Chain restaurant company Darden fell nearly 25%, retailer L Brands nearly 28% and Gap nearly 23%.

Source: bd News24 March 17, 2020 13:52 UTC