Archive for March 9th, 2020

<p>The Dow Jones Industrial Average sank more than 2,000 points Monday, notching its worst day since 2008 as market angst over the spread of the novel coronavirus and a new oil price war sent investors scrambling for safety.</p>

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<p>Oil prices lost as much as a third of their value Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signaled they would hike output in a market already awash with crude after their three-year supply pact collapsed.</p>

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The wealth destruction caused by Monday’s market collapse is reshaping the ranks of the world’s richest people.

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<p>Stocks cratered Monday as investors grappled with the sinking price of oil and the spread of the coronavirus.</p>

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<p>Market activity on Monday indicates that some very gloomy possibilities are becoming more likely.</p>

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As bookings fall sharply, carriers are cutting flights, grounding planes and trimming costs. ‘This coronavirus is driving us all a bit crazy,’ said JetBlue Chief Executive Robin Hayes.

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<p>Stocks tumbled on Monday as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.</p>

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<p>Stocks tumbled on Monday as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.</p>

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<p>Stock futures tumbled Monday morning as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.</p>

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What started with the biggest oil-price collapse since 1991 is shaping up to be one of the wildest days in years for global markets.

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<p>The coronavirus is threatening the economy. Supply chains have stalled, tourism is down sharply because of cancellations and the oil markets plunged 30 percent on Sunday, unleashing fresh panic.</p>

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<p>Stock futures tumbled early Monday morning as investors continued to brace for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.</p><p></p>

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