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Investors Cast Wary Eye on Market Open With Bad News Piling Up

(Bloomberg) — The first U.S. coronavirus death. Signs the outbreak is squeezing China’s economy. A possible outbreak in Washington State. Trading may have stopped, but the drumbeat of alarming headlines hasn’t. That’s making investors anxious about what happens when markets reopen.While considerable bad news has been priced in to stocks, with the S&P 500 down 13% in seven sessions and volatility surging, markets have to date been helpless to right themselves amid a torrent of virus-related headlines that continued into Saturday.“The news flow today is quite negative and it will make the narrative between now and Monday morning even more …read more […]