Somebody finally told Wall Street the world is on fire - News Summed Up

Somebody finally told Wall Street the world is on fire


(CNN Business) While the rest of us have been feeling every bump, pothole and rumble strip on this godforsaken road called 2020, Wall Street had, for weeks, seemed to float above it all, blissfully unaware. WELCOME TO THE PARTY, BROSLike a pack of disoriented mountaineers wandering around Peak Delusion, investors found their way back to the base camp of reality today, where, perhaps, somebody handed them a newspaper. "A pandemic, mass unemployment, a recession, social unrest? The Dow plunged 1,862 points, or 6.9%, on Thursday in the biggest selloff since March 16. Even the previously red-hot Nasdaq tumbled 5.3% back below the 10,000 level.


Source: CNN June 12, 2020 00:00 UTC



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