Friday, February 28, 2020

When Beijing's atrocious response to a virus can crash US equities, you know it's time to disengage from #China to protect our markets, our economy, and our society.

View this post on Instagram

U.S. equity markets plunged into correction territory Thursday as President Trump’s announcement of a coronavirus task force did little to assuage investors’ fears of a deepening crisis. ⁣ ⁣The early selling had two of the three major averages down at least 10 percent from their February peaks. The S&P 500 was a few points away from a similar drop, and both it and the Dow Jones Industrial Average were on track for their sixth straight day of losses. ⁣ ⁣The indexes must close above the following levels to avoid entering a technical correction, according to Dow Jones Market Data group: ⁣ ⁣S&P 500: 3,047.54 ⁣Dow Jones Industrial Average: 26,596.28 ⁣Nasdaq Composite: 8,835.46

A post shared by Fox Business (@foxbusiness) on