Stocks and bond yields are tumbling as an oil war broke out in the middle of the viral outbreak that has beset markets for weeks
NEW YORK — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are facing new threats to begin the week. An oil war between Saudi Arabia and Russia sent the price for a barrel of U.S. crude below $34. Typically, falling energy prices are good for markets and for businesses. However, in times of economic duress, energy prices come to be seen as a barometer of the global economy overall. That appeared to be what happened Monday with crude prices suffering the largest single-day decline since the days following the Sept. 11 attacks. Here are some of the developments that are affecting businesses and potentially, the economy as a whole.
MARKET MESS: Stock prices tumbled so sharply at the opening bell a circuit breaker meant to slow down panic trading was triggered, halting…
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