‘We’re doomed’: Wall Street plunges into correction on coronavirus angst

Article Link: https://business.financialpost.com/investing/stock-sell-off-deepens-bond-yields-at-record-lows-markets-wrap?video_autoplay=true

Discussion posted by: ? Buck_Off ?

Global stocks tumbled to four-month lows, government debt yields sunk to unprecedented levels and crude oil extended declines as anxiety over the spread of the coronavirus surged. The six-day slide pushed the S&P 500 and Dow Jones Industrial Average indexes down by more than 10 per cent from all-time highs set this month, a so-called correction. The drop of as much as 10 per cent since Friday puts the S&P on pace for its worst week since the 2008 global financial crisis.