How the stocks are affected by coronavirus

Local News

(WSYR-TV) — Stocks sold off again on Tuesday due to coronavirus concerns.

The Dow Jones dropped 879.44 points, NASDAQ dropped 255.67 points and S&P 500 dropped 97.68 points.

Rick Reagan with The Reagan Companies talked with NewsChannel 9 on Tuesday about coronavirus and why it is affecting stocks.

Here is a list of the reasons why:

  • Slows business and manufacturing in affected areas
  • China, Italy, South Korea and Japan are major economies
  • Can affect supply chains in less-affected countries

This is what has happened with stocks during previous outbreaks:

  • Stocks usually drop six to 13 percent
  • The drops happen quickly
  • Recovery is V shaped, which means that when stocks drop sharply, they can usually get the money back quickly

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