Dow Jones might sink another 20% as coronavirus numbers ticking up
Halting a three-day winning streak, stocks tumbled Friday as investors appeared to sell the news on the House of Representatives passing the $2 trillion stimulus and as coronavirus case data grew increasingly ominous. The S&P 500 slid 3.37% The Dow Jones Industrial Average lost 4.12% The Nasdaq Composite dropped 3.79% In a best-to-worst reversal, Boeing (NYSE: BA ) was the Dow’s worst-performing name today after soaring on Wednesday and Thursday. Likely weighing on riskier assets Friday are reports that the COVID-19 case tally in the U.S. is now above 95,000, meaning the U.S. now has far more cases than China. Of course, that’s assuming China is publishing accurate numbers, which it probably isn’t, but that’s a conversation for another time and place. http://www.thetechnicaltraders.com/552.html Deaths in Italy, one of the epicenterof the coronavirus, surged about 10% in a day and the past 24 hours have been deadlie...