Daily Market Update
with JJ Kinahan

5 min read

Sick Day: Market Sentiment Dampened by Coronavirus Outbreak in China

(Tuesday Market Open) As U.S. investors returned to their desks to begin a holiday-shortened week, they were facing some concerns that seemed to be eating into the optimism that led stocks to record highs last week.

The deadly coronavirus outbreak in China brought back memories of the economic repercussions from the Severe Acute Respiratory Syndrome (SARS) outbreak in the early 2000s, which hit the major financial center of Hong Kong hard. 

Stock market sentiment also appears to have taken a dent after the International Monetary Fund reduced its forecast for 2020 global economic growth to 3.3% from the 3.4% it had previously projected. Still, the new figure would be an increase from an estimated 2.9% growth in 2019. 

It also seems that President Trump’s impeachment trial may be adding a layer of caution to the market. But overall, traders and investors don’t seem too worried about it. 

Read article
TD Ameritrade Network Logo

Don't just watch the news. Use it.

TD Ameritrade Network is brought to you by TD Ameritrade Media Productions Company. TD Ameritrade Media Productions Company and TD Ameritrade, Inc., member FINRA/SIPC are separate but affiliated subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer.

 

 

Knowledge: one of your most valuable assets

Call Us
800-454-9272

Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.

Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.

adChoicesAdChoices

Market volatility, volume, and system availability may delay account access and trade executions.

Past performance of a security or strategy does not guarantee future results or success.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2020 TD Ameritrade.

Scroll to Top