'The panic mode is full on': Stocks plunge again as fears mount of a coronavirus pandemic
down 3.6% at $45.40 a barrel anddropped below 1.2%.
Notably, the S&P 500 dropped 4.4% on Thursday — its steepest one-day percentage fall since August 2011 — and has slumped more than 12% in six trading days."The worst week for equities since 2008 surely beckons," Michael Every, senior Asia-Pacific strategist at RaboResearch, said in a research note. The market may be"entering the period of peak fear," Neil Wilson, chief market analyst for markets.com, said in a morning note."Blood is running in the streets."
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