About: http://data.cimple.eu/news-article/c2273d7719fa782dab9a07f746e32700481556984e6c0b0335a261a3

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About: http://data.cimple.eu/news-article/c2273d7719fa782dab9a07f746e32700481556984e6c0b0335a261a3 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks resumed their downward slide on Wednesday, falling sharply in opening trading amid rising fears the coronavirus outbreak will lead to a recession. About 12 minutes into trading, the Dow Jones Industrial Average stood at 24,288.78, down about 730 points, or 2.9 percent. The broad-based S&P 500 also sank 2.9 percent to 2,797.51, while the tech-rich Nasdaq Composite Index dropped 2.6 percent to 8,125.42. While stocks rallied on Tuesday, equities have been on a broad downward trend for the last three weeks or so as the coronavirus has morphed from a China-centered problem to a global worry, threatening the 11-year US "bull" market for stocks. Fresh news on the coronavirus front included the postponement of the giant Coachella music festival in California and a decision by the Bank of England to enact an emergency interest rate cut. German Chancellor Angela Merkel cited forecasts that some two-thirds of the country could contract the virus, while US lawmakers and President Donald Trump's administration were engaged in back-and-forth on possible stimulus measures for the US economy. A note from Goldman Sachs again slashed its 2020 earnings forecasts, saying both the real economy and financial economy were showing "acute signs of stress" as travel slows to a trickle and the oil industry reels in the face of lower oil prices. jmb/cs
schema:headline	US stocks tumble, resuming selloff on virus fears
schema:mentions	S&P 500 Index Interest rate Coachella Valley Music and Arts Festival Stock 2020 coronavirus outbreak in Italy Chancellor of Germany Dow Jones Industrial Average Goldman Sachs Psychological stress Recession Angela Merkel England California Virus Coronavirus President of the United States Donald Trump 12 Minutes NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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