$4.6 Trillion Crash Overdone? COVID-19 To Nick U.S. Growth Rate 0.1%
Fear of COVID-19 is a powerful force — being used to explain last week’s market crash. From their peak on February 19 to February 28, the market capitalization of stocks fell a whopping $4.6 trillion. As of March 2, the Dow had recovered some of its 12% plunge — up 5.1% on Monday, according to the Wall Street Journal. Yet the Dow is still down 9% from its peak