Virus fears hit global shares

When the Dow dives more than 6% a day, fear is back in the market. Investors begin to realize what the long global shutdown will mean for labour markets, consumption and industrial production. Prepare for tough times ahead and diversify! #financialplanning #wealthmanagement

Troubled Markets Stock markets in the US and Europe suffered their worst one-day falls since March as investors rattled by the Federal Reserve’s assessment of US economic prospects and fresh concerns about the second wave of coronavirus infections. The S&P 500 dropped 5.9%, its worst day since March 16, and the Nasdaq Composite fell 5.3% in retreating from its all-time high. Europe’s regional benchmark, the Stoxx 600 index, tumbled 4.1%. The UK’s FTSE 100 closed down 4%, and the German DAX index dropped by 4.5%. The Vix volatility index rose 14 points to 40.79, its most significant one-day jump since March. Oil prices were under heavy pressure after weekly US data showed that crude inventories rose to a record high, and concerns over economic growth grew. Brent crude, the international benchmark, was down 8.6 %, falling back below $40 per barrel a barrel, while West Texas Intermediate, domestic benchmark, dropped as much as 10% to $35.54. #markets #equities #investing #volatility

Finally, some soberness in the markets...I am amazed with those expecting such a lasting divergence between Wall street and Main street with no fundamentals whatsoever. Buckle up. https://lnkd.in/e6brv_Z #markets #stocks #trading #economy #wallstreet