Coronavirus fears hit markets, bringing US shares down as tech and SaaS slip

Coronavirus fears hit markets, bringing US shares down as tech and SaaS slip

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/02/24/coronavirus-fears-hit-markets-bringing-us-shares-down-as-tech-and-saas-slip/

Fears over the potential impact of the coronavirus spreading in Europe, Asia and the Middle East have sent stocks plummeting in Monday’s open — with tech stocks among the hardest hit.

The reason for the declines are clear: Over the weekend, cases outside of China swiftly rose in Europe and other parts of Asia, indicating that hopes of containing the virus’ spread appear to be dashed.

Coronavirus fears hit markets, bringing US shares down as tech and SaaS slip

Feb 24, 2020, 4:36pm UTC
https://techcrunch.com/2020/02/24/coronavirus-fears-hit-markets-bringing-us-shares-down-as-tech-and-saas-slip/ > Fears over the potential impact of the coronavirus spreading in Europe, Asia and the Middle East have sent stocks plummeting in Monday’s open — with tech stocks among the hardest hit. > The reason for the declines are clear: Over the weekend, cases outside of China swiftly rose in Europe and other parts of Asia, indicating that hopes of containing the virus’ spread appear to be dashed.