NEW YORK (AP) – Stocks fell sharply in early morning trading on Wall Street, wiping out more than 2% of the main indices, one day after having jumped by 4%, while the mood returns to fear.
Markets fell after trade moved west from Asia to Europe.
The losses are widespread and all but 15 of the S&P 500 index are falling.
Treasury bill yields have dropped to record lows, and gold has increased as investors seek safer investments.
The volatility of coronaviruses fueled by the financial markets is in its third week as new cases and deaths are increasing worldwide.
This puts more pressure on companies, with companies lowering their profit targets or completely canceling their forecasts, as it is unclear how long the epidemic will remain disruptive.
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