Dow plunges nearly 1,200 points as coronavirus fears send markets diving

South Africa News News

Dow plunges nearly 1,200 points as coronavirus fears send markets diving
South Africa Latest News,South Africa Headlines
  • 📰 NBCNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Dow plunges nearly 1,200 points Thursday amid global coronavirus concerns, marking its worst week since the financial crisis.

Sen. McConnell eyes getting funding package through Congress in next two weeksto the coronavirus, saying, “There seems to be little question that COVID-19 will eventually cause some degree of disruption here.”

McConnell said that the bipartisan leaders of the House and Senate Appropriations Committees are working on a funding package in response to the WH request, and is hoping to pass it through Congress in the next two weeks.Pelosi says lawmakers 'close' to reaching a deal on coronavirus emergency response money

Pelosi also criticized the Trump administration's response to the virus as"opaque and often chaotic."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCNews /  🏆 10. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open sharply lower on Wall Street, bringing Dow Jones industrials 10% below record high they set two weeks agoStocks open sharply lower on Wall Street, bringing Dow Jones industrials 10% below record high they set two weeks agoJUST IN: Stocks open sharply lower in early trading, extending a week of steep losses triggered by coronavirus concerns.
Read more »

Dow futures sink 350 points as US officials warn of coronavirus spreadDow futures sink 350 points as US officials warn of coronavirus spreadDow futures dropped late Wednesday after US health authorities said they've discovered a case of novel coronavirus in the country without knowing its origin. Other major US indexes also declined in after-hours trading.
Read more »

For investors shaken by Dow plunge, Warren Buffett's new advice on finding long-term market winnersFor investors shaken by Dow plunge, Warren Buffett's new advice on finding long-term market winnersIn his latest annual letter to Berkshire Hathaway shareholders, Warren Buffett made an implicit warning to the finance executives and managers who run corporate America: Now is the time to be investing profits in the business, while inflation is low.
Read more »

After 2-day declines this extreme, the Dow tends to bounce, history showsAfter 2-day declines this extreme, the Dow tends to bounce, history showsThe Dow has dropped more than 6% in the last two sessions, which history shows could mean that sentiment has become too negative.
Read more »

Stock market live updates: Dow futures up 100, coronavirus cases jump, Disney fallsStock market live updates: Dow futures up 100, coronavirus cases jump, Disney fallsAfter this week’s historic market sell-off, these are the 2 things Leon Cooperman says he’s watching: “One is the coronavirus, does it get under control in a reasonable timeframe? And second that we don’t have a Socialist or Communist in the White House.”
Read more »

These stocks are the biggest Dow winners when rates plunge like they are nowThese stocks are the biggest Dow winners when rates plunge like they are nowNew for subscribers: These stocks are the biggest Dow winners when rates plunge like they are now Check out CNBCPro and get your first 30 days free.
Read more »



Render Time: 2025-03-07 04:24:06