The Dow lost 1,000 points. Here’s why you shouldn’t panic, according to experts by skleb1234
The stock market tanked on Monday—with the Dow Jones and S&P 500 indexes erasing their gains for 2020 as a surge in coronavirus cases outside of China boosted fears of a pandemic and global economic slowdown, but historical data shows that investors shouldn’t panic yet, according to experts., trading 3.6% lower, while the S&P 500 and Nasdaq Composite lost 3.4% and 3.7%, respectively.
“There was this general expectation that this was going to be a relatively short-lived issue, but now that's in question, so that’s why we’re seeing this market reaction today,” describes Mark Freeman, chief investment officer at Socorro Asset Management. “What changed? This has truly become more of a global issue—initially it was companies with exposure to China, now it’s broader than that.”
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