Bears in force as WHO declares covid-19 pandemic

Bears in force as WHO declares covid-19 pandemic
Rebecca Howard
Investors may continue to vote with their feet after the World Health Organisation declared a global pandemic as the coronavirus rapidly spreads across the world.Stocks on Wall Street entered bear market territory as investors as the S&P 500 Index slumped 20 percent from its Feb. 19 intraday high. The S&P500 was down 5 percent at 8am in Wellington, while the Dow Jones Industrial Average dropped 5.7 percent and the Nasdaq fell 4.6 percent.“We are deeply concerned both by the alarming levels of spread and severity and by the alarming leve...

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