Stock markets skid worldwide as virus infections keep soaring – Gulf Today

Stock markets skid worldwide as virus infections keep soaring – Gulf Today

Stocks worldwide have tumbled this year as the coronavirus pandemic forces economies into what is expected to be a steep, sudden recession.. Businesses are shutting down, and people are staying at home in hopes of slowing the spread of the virus.. A report on Wednesday said that private US employers cut 27,000 jobs last month, which was actually much milder than the 200,000 that economists were expecting.. For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks.. Stocks had cut some of their severe losses in recent weeks as Washington swooped in with aid for the economy and markets.. S&P Dow Jones Indices is skipping its index of medium-sized stocks and placing Macy's into its index of small stocks, the S&P 600, effective on Monday..