Markets were totally calm. Then stocks fell off a cliff - News Summed Up

Markets were totally calm. Then stocks fell off a cliff


Then around midday, stocks sold off sharply and investors scrambled. With no obvious catalyst triggering the selloff, worries about the coronavirus outbreak seemed to be the obvious suspect. Dow INDU At its worst, thewas off by 388 points, with all three major stock indexes sharply in the red. Stocks still closed in the red, however, with the Dow ending 0.4%, or 128 points, lower. But Thursday South Korea confirmed new cases of the virus, hammering home that the outbreak is not over.


Source: CNN February 20, 2020 19:35 UTC



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