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CNBC BusinessFeb 27, 2020
This week's stock shock is just the start of the economic pain if coronavirus hits American wallets
Many retail stocks, such as Macy's, Under Armour and Gap, are taking a beating on fears that consumer spending could slow.

Yahoo BusinessFeb 27, 2020
Stock market news live: Stocks plunge as coronavirus pandemic fears rock markets
Headlines moving the stock market in real time.


RELATED ARTICLES
UPDATE 3-Pandemic fears pummel European stocks into correction territory (Reuters Company News)

Washington Post BusinessFeb 27, 2020
Markets continue bad week, dip into correction territory
The Dow, S&P 500 and Nasdaq have all fallen at least 10 percent from their recent highs amid fears the outbreak will bring the economy to a grinding halt.

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Dow plunges 550 points, enters correction on fears the coronavirus could spread in USA (USA Today Money)

MarketWatch MarketPulseFeb 27, 2020
Microsoft drops out of gaming conference because of coronavirus concerns
Microsoft Corp. said it is skipping the Game Developers Conference next month in San Francisco because of coronavirus fears and will instead stream its content. Its move comes a day after Workday Inc. announced it was pulling the plug on an internal sales conference in Orlando, Fla., next week for the same reason. Organizers of the Game Developers Conference, scheduled March 16-20, said the show will still go on. AT&T Inc. and International Business Machines Corp. skipped this weeks RSA security conference in San Francisco because of concerns about coronavirus. On Wednesday, Microsoft warned investors it will not meet its recent guidance for its personal-computing business because of the impact of the coronavirus on the supply chain.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessFeb 27, 2020
Wall Street hammered by coronavirus anxiety; briefly confirms correction
Wall Street's main indexes tumbled nearly 2% on Thursday and confirmed a correction that began last week, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.

MarketWatch MarketPulseFeb 27, 2020
Goldman sees 'no earnings growth' for S&P 500 companies this year
Goldman Sachs slashed its outlook for S&P 500 corporate earnings in 2020, and now expects "no earnings growth" this year, as fears over the potential negative impacts of the coronavirus outbreak intensifies. Portfolio strategist David Kostin now expects aggregate S&P 500 earnings per share of $165, down from his previous estimate of $174, which represents 0% growth, and he lowered his 2021 outlook to $175 from $183 to now represent a 6% rise. "Our reduced forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for U.S. exporters, supply chain disruption, a slowdown in US economic activity and elevated uncertainty," Kostin wrote in a note to clients. The S&P 500 has lost 3.4% so far in February through Wednesday, and futures are shedding 1.6% ahead of the open.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessFeb 27, 2020
Oil prices dive to lowest in over a year as virus fears grow
Oil prices fell for a fifth straight day on Thursday, plunging to their lowest levels since January 2019 as more new coronavirus cases outside China fanned fears that a pandemic could slow the global economy.

Google Business NewsFeb 27, 2020
Stock Market Plunges As Coronavirus Fears Grip Wall Street | Hallie Jackson | MSNBC - MSNBC
Stock Market Plunges As Coronavirus Fears Grip Wall Street | Hallie Jackson | MSNBC  MSNBCDow set to drop 400 points on report of first US coronavirus case of unknown origin  CNBCWall Street opens sharply lower as coronavirus rout continues  Los Angeles TimesHere's how long stock market corrections last and how bad they can get  CNBC

Yahoo BusinessFeb 27, 2020
Oil Rout Deepens Past 13-Month Low on Mounting Pandemic Fears
(Bloomberg) -- Oil continued to plunge after closing at a 13-month low as more new coronavirus cases were reported outside of China, adding to fears the world is on the brink of a pandemic that will stunt economic growth.Futures fell as much as 5.3% in New York on Thursday and headed for the worst weekly loss since 2014. Global stocks also tumbled, with the six-day slide pushing the S&P 500 and Dow Jones Industrial Average indexes down by 10% from all-time highs set this month.Germany said the virus was likely at the start of an epidemic and Saudi Arabia halted religious visits. In addition to crude, diesel has also plummeted, with heating oil futures in New York trading at the lowest since July 2017."We've dived deeper into this well," said Bob Iaccino, market strategist at Path Trading Partners. "Until the virus outbreak gets under control it's going to be the driver of everything. We still don't know the full effect on demand but it's going to be terrible."U.S. data that showed a smaller-than-forecast increase in crude stockpiles failed to arrest the slide. Oil has fallen more than 24% this year as the virus hit a market already awash with supply. Investors are assessing whether the Organization for Petroleum Exporting Countries and its allies will be able to agree on deeper output cuts at a meeting in Vienna next week.Oil could fall below $30 a barrel if OPEC fails to agree a production cut, Standard Chartered Plc analysts Emily Ashford and Paul Horsnell wrote in a report. Russia has so far resisted pr

MarketWatch MarketPulseFeb 27, 2020
The Dow is on track for its worst weekly slide since the 2008 financial crisis
Has the stock market had a more brutal week? Sure, but not many. Stocks on Thursday were in a nearly unmitigated selloff prompted by coronavirus fears that could amount to the worst week for the major equity indexes since the 2008 financial crisis. The Dow Jones Industrial Average was pace for its steepest weekly slide, down 9.4%, since Oct. 10, 2008, when it skidded 15.3%. The S&P 500 index was most recently off 9.3%, which would also represent its sharpest weekly slump since a 18.2% decline in October of 2008. The Nasdaq Composite Index Nasdaq was off 9.4% for the week and set for its sharpest weekly skid since 2008. All three benchmarks fell into correction territory early Thursday, defined as a drop from a recent peak of at least 10%, but not greater than 20%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseFeb 27, 2020
Nasdaq's selloff into correction territory comes despite panic-like dip buying behavior
The Nasdaq Composite dropped 2.9% in morning trading, which puts the index in correction territory, but market internals suggest investors who are buying on dips are much more aggressive than those selling. The Arms Index, a volume-weighted breadth indicator, has tumbled to 0.289. That is well below the 0.5000 level, which many believe normally depicts panic-buying behavior. The number of declining stocks on the Nasdaq are outnumbering advancers 10.1 to 1 while volume in declining stocks leads advancing volume by just 3.0 to 1. Meanwhile, the Nasdaq Composite has now lost 11.1% since closing at a record 9,817.18 on Feb. 19, amid growing fears over the potential negative impact from the coronavirus outbreak. Many technicians believe a decline of 10% to up to 20% from a significant peak defines a correction, while a decline of 20% or more defines a bear market. Meanwhile, the Dow Jones Industrial Average tumbled 566 points, or 2.1%, and is now 10.7% below its Feb. 12 record close of 29,551.42, while the NYSE Arms Index is up to

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Market NewsFeb 26, 2020
Dow Jones Futures Tumble On US Virus First, Microsoft Coronavirus Warning, Trump After Stock Market Rally Fizzles - Investor's Business Daily
Dow Jones Futures Tumble On US Virus First, Microsoft Coronavirus Warning, Trump After Stock Market Rally Fizzles  Investor's Business DailyWall Street falls more slowly as investors parse coronavirus fears  ReutersA stock-market bounce will give way to ‘drop' and retest of the low, says Wall Street analyst  MarketWatchOpinion: The Global Market Meltdown Reestablishes The Case for Cryptocurrency as Global Macro Hedge  CryptoPotato
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