The Virus Becomes the Focus
Monday 2nd March, 2020
Stocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending.
The selloff became a correction for the U.S. markets. The S&P 500 retreated 11.49%; the Dow Jones Industrial Average, 12.36%; the Nasdaq Composite, 10.54%. The MSCI EAFE, tracking developed stock markets outside North America, had fallen 6.75% week-over-week by Friday’s closing bell.