U.S. financial markets are crashing again midweek as the Dow Jones tanked more than 1,000 points in the middle of the trading session.
Hey, at least Alpha Pro Tech is trading higher!
But how bad is everything right now? Well, before we look at some key facts, here is the Dow’s roller-coaster ride since February 27, courtesy of CNBC:
That said, here are a few facts to consider:
1. At least 150 public companies listed on the New York Stock Exchange (NYSE) are warning about the coronavirus impact on their earnings.
2. On the NYSE, 15 stocks are trading lower for every one advancer. Overall, 2,700 stocks were lower while only 174 traded higher. Just a few dozen stocks were flat.
3. 92 percent of S&P 500 stocks are in correction territory.
4. $140 billion in energy debt is at risk of being downgraded to junk status.
5. Federal Reserve injected $132 billion with overnight repo move.
6. The benchmark 10-year Treasury note plunged to an all-time low of 0.318 percent on Monday.
7. The last time the Volatility Index was this high was during the financial crisis.
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