Switzer on Saturday

Coronavirus fears are winning & stocks are losing, but for how long?

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,864.78
-256.50
-0.98%
1.79%
S&P 500
2,972.37
-51.57
-1.71%
0.61%
NASDAQ
8,575.62
-162.98
-1.87%
0.10%
ASX 200
6,216.20
-179.50
-2.81%
-3.49%
Data for week commencing 02 March 2020

As I tipped in yesterday’s webinar, the US stock market and therefore our market has a few more legs down before the optimists/buyers outweigh the pessimists/sellers. That said, with three hours before the closing bell at the New York Stock Exchange, the earlier 894 point loss on the Dow had trimmed back to 505 points.

If the final close is bigger than 894, then we should expect another rough day for our stocks on Monday.