Stocks Fall Sharply On Coronavirus Fears
Specialist Mark Fitzgerald works on the floor of the New York Stock Exchange, Monday, Feb. 24, 2020. Markets are down across Europe, Asia, and the U.S. as the virus spreads to more countries around the world.Specialist Mark Fitzgerald works on the floor of the New York Stock Exchange, Monday, Feb. 24, 2020. Markets are down across Europe, Asia, and the U.S. as the virus spreads to more countries around the world.U.S.
"We import a fair amount of auto products from South Korea," said Jay Bryson, acting chief economist at Wells Fargo Securities."If that country were to shut down for any reasonable length of time, then you could have supply chain repercussions here in the auto industry in the United States." "Think about Europe," Bryson cautioned."Very open borders. And if people are infected in Italy, it could very well spread to other European countries."
Trump wrote that the federal Centers for Disease Control and Prevention and the World Health Organization had been"working hard and very smart," before adding,"Stock Market starting to look very good to me!"
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