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MARKETWATCH FRONT PAGE
U.S. stock indexes were rocked Monday, with the major benchmarks booking losses of at least 7% and marking their worst daily decline in years, amid the eruption of an oil-price war between OPEC and Russia and rising coronavirus fears. See full story.
Think it’s bad now? Wait a month, says hedge-fund manager Kyle Bass
Kyle Bass of Hayman Capital Management believes “this too shall pass,” when it comes to the deep selloff in the market on Monday — the Dow was down more than 2,000 points early — but he’s in no hurry to buy up stocks at bargain prices. See full story.
These oil stocks took the biggest beatings after Saudi Arabia shocked the energy market
Forty U.S. energy stocks were down at least 30% Monday. See full story.
‘We’re going to have more deaths’: Influenza kills more people than the coronavirus so everyone is overreacting, right? Wrong — and here’s why
President Trump tweeted on Monday that thousands die of the flu every year, and suggested that life should go on as usual. Not so fast, experts say. See full story.
‘Moment of silence for every boomer’s 401k’ — internet erupts with gallows humor as market crumbles
It’s a lot more fun checking your 401(k) during a raging bull market. Then again, reading about other people’s 401(k) accounts during brutal sessions like Monday’s seems to be a favorite pastime for those looking to enjoy a good laugh through the tears. See full story.
MARKETWATCH PERSONAL FINANCE
‘These warning letters are just the first step’ in combatting allegedly false product claims regarding coronavirus, FTC commissioner Joe Simons said. See full story.
