Stocks Sink as Coronavirus Panic Grips Wall Street

The Dow is in the middle of its worst losing streak since August

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Market Recap
 
 

1/27/2020

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VIX Roars as Stocks Get Pummeled

By Patrick Martin

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The Dow was down more than 500 points at its session low, before settling with a 453-point thud, its worst single-session drop since since Oct. 2. It was the blue-chip index's fifth straight decline, marking its longest losing streak since early August, as coronavirus panic intensified. The S&P 500 and Nasdaq also sold off sharply, the latter suffering its worst day since Aug. 23. As U.S. equities sank, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), sounded a rare signal, and logged its highest close since Oct. 9. 

Continue reading for more on today's market, including:

  • Options traders blasted these 3 stocks.
  • History says buy the dip on this software stock.
  • Plus, more trouble for ROKU; ISRG downgraded; and BYND bucks the broad-market sell-off.
>> Continue reading...
LATEST HEADLINES

>> Denny's Deal Boosts BYND Stock
Denny's will expand the launch of Beyond Meat's plant-based burger to 1,700 locations
>> Rare VIX Signal Sounds Again
The market's "fear gauge" spiked out of the gate this morning
>> Options Traders React to Sharp ISRG Stock Pullback
ISRG is trading below the 80-day MA for the first time in months
>> The Trend Minting Millionaires -- But Who Is Really Paying?
Porter Stansberry is making a concerning prediction.
>> Bear Signal Sounds for Struggling Streaming Stock
The stock's 40-day moving average has spelled trouble in the past
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