MINNEAPOLIS — The Coronavirus and oil price war are fueling more volatility on Wall Street.
For the second time in one week, trading halted for 15 minutes Thursday, March 12, 2020 following the opening bell. The S&P 500, Dow Jones Industrial Average and NASDAQ all plunged, triggering the automatic ‘circuit breaker’.
Despite reopening, markets continue to fall. At point, the Dow was down more than 7 percent, wiping out gains from the previous 24 hours.
“We don’t want people to panic. We want them to understand the importance of having a long-term investment plan. So, when things like this do happen, they don’t get off course,” said Nick Foulks, Director of Advising at Great Waters Financial.
Foulks explains what the market roller coaster means for your investments and retirement and more importantly what you need to know during times of turbulence.