Opinion | Capital Is Part of the Coronavirus Cure

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Opinion | Capital Is Part of the Coronavirus Cure
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From WSJopinion: Markets are responding to the coronavirus as they should—allocating capital to the most promising solutions, writes adenatfriedman, president and CEO of Nasdaq

Partisanship isn't making it easier for the government to respond to the threat of a COVID-19 outbreak in the U.S. Image: Getty Images/Composite: Brad HowardU.S. stocks capped their worst week since 2008 Friday amid fears that the coronavirus will become a pandemic. Though markets rallied Monday on expectations that central banks will slash interest rates, the Nasdaq was still down nearly 9% from its record close of 9817.18 on Feb. 19.

Nasdaq Inc. saw record messages and volumes last week. Nasdaq options markets registered an all-time peak of 62 billion messages on Friday, far above its daily average of about 18 billion over the past year. Similarly, Nasdaq U.S. equities volumes...

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