Sharp market moves lay the groundwork for another choppy day of trading in the U.S. and Europe
Stocks, bonds and commodities fell Wednesday in a simultaneous selloff that suggests investors and companies are trying to raise cash as rapidly as possible to cope with the economic disruption sparked by the coronavirus pandemic.
Futures tied to the Dow Jones Industrial Average dropped 3.9% before halting trading, while oil plunged to its lowest in almost 17 years amid investors’ concerns about the economic impact of the outbreak.
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