The Dow is plunging again and other major indexes like the S&P 500 and the Nasdaq are suffering greater percentage declines
The Dow over the past five days: up 1,293, down 786, up 1,173, down 967. The Dow tumbled 800 points at the opening bell Friday. The VIX, an index known as Wall Street’s fear barometer, is hovering at levels not seen since banks began to fall during the financial crisis. If there was a week that uncertainty and the potential economic damage from the coronavirus became clear, it may be this one. Sectors that cater to almost any public activity … movie theaters, business conference organizers, hotels, airlines, amusement parks, have lost billions in value as stockholders flee to safer ground like U.S. Treasury notes, which now payout close to nothing. Following is a brief look at how things are changing in the economy and the workplace today as the outbreak widens.
HEADWINDS: Germany’s Lufthansa and its subsidiaries Austrian…
Source news reuters.com, click here to read the full news.