The Dow Jones index officially ended the longest running bull market in US history yesterday by falling the required 20% to qualify as being in a bear market. The Dow Jones, the US’s industrial index, was pushed into bear market territory on the WHO announcement that the coronavirus was now officially a global pandemic. An underwhelming Presidential address to the nation also caused further concern about the US’s inability to react quick enough to the viral outbreak whilst banning travel to the US from mainland Europe.
PREV ARTICLE
BoE cuts rates by half a percent
BoE cuts rates by half a percent