Investors Cast Wary Eye on Market Open With Bad News Piling Up
- The U.S. has first virus death and China economy shows stress
- ‘Markets will all come back,’ Trump says at press conference
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The first U.S. coronavirus death. Signs the disease is squeezing China’s economy. A possible outbreak in Washington State. Trading may have stopped, but the drumbeat of alarming headlines hasn’t. That’s making investors anxious about what happens when markets reopen.
While considerable bad news has already been priced in to stocks, with the S&P 500 down 13% in seven sessions and volatility surging, markets have to date been helpless to right themselves amid a torrent of virus-related bulletins. Those haven’t slowed down this weekend.