-
—
1.7
The US leading Dow Jones index fell by 1,190.95 points and closed at 25,766.64 points – the largest drop in history.
—-
—
2.7
The reason: the fear of the corona virus.
—-
—
3.7
US stock exchange expert Jay Ritter from the “University of Florida”: “The markets will recover.”
—-
—
7.7
Stunned: US stock market legend Peter Tuchman on Thursday evening after the market closed.
—-
—-
“A new zone of fear” – this is how the “Wall Street Journal” describes Thursday, steeped in history, on Wall Street. The New York Stock Exchange reacted to the spreading corona virus with panic sales today: The US leading index Dow Jones fell by 1,190.95 points and closed at 25,766.64 points – the largest point decline in history.
–
The growing concern that the virus could spread in the US further unsettled investors on Thursday. Internationally, the number of corona infected has risen to over 82,000 cases. Thursday’s losses have corrected the blue chip average for the first time since December 2018 – a 10 percent drop from the recent high.
–
US exchange expert: “The markets will recover”
“The decline in the market is an overreaction to the corona virus,” says US exchange expert Jay Ritter from the “University of Florida” at the request of BLICK. The virus would certainly have short-term effects on airlines and other travel-related companies, but the effects on the general profitability of companies are likely to be temporary.
–
«Hong Kong, Hubei Province in China and other places are taking measures to minimize the spread of the disease. There are many other diseases, such as the flu, from which a lot more people die every winter, »says Ritter. He is convinced: “The markets will recover.”
–
Zurich: How does the SMI end the Corona week?
The Swiss stock exchange is also experiencing a black week. The leading Swiss index SMI with the 20 largest Swiss stock exchange companies reacted to the spread of the disease in Ticino on Tuesday. News of the first Corona case in Switzerland sent the index plummeting Tuesday afternoon after losses already hit Monday.
–
The same picture in Zurich on Wednesday and Thursday: losses and red numbers. Overall, the SMI has lost almost 1000 points in the last four days! The big question this Friday morning: How does the most important Swiss stock index end Corona week? Trading begins at 9 a.m.
—
Related
