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Coronavirus reaching pandemic may hurl U.S. economy into recession Print E-mail
Written by FHI's Week in Review   
Monday, 02 March 2020 18:31

Jonathan Garber
reports for FOX Business on Feb, 29, 2020:

U.S. equity markets were shoved into their fastest correction in history this week as fears of the coronavirus becoming a pandemic rattled investors and stoked recession fears. Seven days of heavy selling, including two from the previous week, left the major averages licking their wounds from their steepest weekly plunge since the financial crisis, according to data from the Dow Jones Market Group. When the dust settled, the Dow Jones Industrial Average was down 3,583 points, or 12.4 percent. The S&P 500 and Nasdaq Composite plunged by 11.5 percent and 10.5 percent, respectively.

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Last Updated on Monday, 02 March 2020 18:38
 


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