World
World markets carried out awfully final month because of the fast unfold of coronavirus throughout the globe. Whereas China — the epicentre of the outbreak — has been reporting new circumstances at a slower tempo, the virus is spreading quicker in nations like South Korea, Italy and Iran. WHO has warned that the outbreak has “pandemic potential” because the virus has now entered 65 nations. The US, Australia and Thailand additionally reported fatalities.
Although Wall Road scaled new highs at the beginning of the month (ignoring the virus scare that was restricted to China and allied areas then), the worry issue spiked within the last days of February. Last week was the worst since October 2008 for the Dow Jones Industrial Common, the S&P 500 and the Nasdaq Composite, all of which plunged greater than 10% amid the coronavirus panic.
General, the S&P 500-based SPY, the Dow Jones-based DIA and the Nasdaq 100-based QQQ misplaced about 9.4%, 11.2% and seven.1% final month. Let’s check out the important thing ETF headlines of the month.
Wall Road in Correction
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