Coronavirus-Led Panic Confines People To Necessities: 4 Picks
Zacks Investment Research | Mar 18, 2020 09:58PM ET
The coronavirus pandemic continues to weigh on smooth operations of businesses and supply chains, rendering volatility to financial markets. Within a month, the three major U.S. benchmark indexes have shed more than 25% each as panicked investors continue with their sell-off.
After all, the deadly Wuhan-originated virus is highly contagious and is wreaking havoc on daily life and deflating investors’ optimism. Wall Street’s fear is clearly reflected in the CBOE Volatility Index, which settled at 78.29 on Mar 18 after adding 2.4%.
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