Stocks fell for a second week in a row, with Friday’s sell-off wiping out the Dow and S&P 500’s gains so far in 2020.
Adding to the bad news on Friday was the Cboe Volatility Index , a widely-used fear gauge in the market, risingThe Federal Reserve unanimously voted toon Wednesday, though Fed Chair Jay Powell did address the impact of the coronavirus in his press conference: “Clearly there will be implications at least in the near-term, but we’ll have to see what the macroeconomic effects will be on the rest of the world.
outbreak , there are rising concerns over its impact on China’s already slowing economic growth—and subsequently, whaton the global economy. Indeed, there has been a large number of coronavirus-related work stoppages and travel restrictions being imposed by governments and companies across the board.
is estimated to have wiped out $40 billion from world markets, according to
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