It’s much of the same again I’m afraid to have to tell you. Stocks continued to fall in value across the globe with oil & gas and industrial stocks generally leading declines.
While the Dow Jones, S&P 500 and Nasdaq Composite were falling by between 6.3% and 4.7%, investors are reacting to moves to support the financial system as measures to tackle the spread of the virus grip more countries.
Trump has asked Congress to approve $500 billion in cash payments to voters, sorry, tax payers, i.e. the helicopter payments I was talking about yesterday. He’s also seeking $50 billion to loan to airlines.
The Dow fell by enough in one day to trigger another 15-minute suspension of trading. And the VIX (the volatility index) which normally trades between 15 and 25 is flying around 75 at the moment.
Not much positive to provide at the moment as we go through the worst of the virus and actions to curtail its spread.
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