Markets Tanked Wednesday As Wall Street Realizes Coronavirus Is Here to Stay [TheStreet.com]
Starbucks Corporation (SBUX)
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Source: TheStreet.com
The stock market is in more than a mood. It’s reconciling with what could be the end of an era; the bull market and economic expansion. All three major U.S. indexes were down hugely Wednesday The S&P 500 is 19% below its all-time high. One more percentage point drop and the country is in a bear market, putting an end to the longest bull market in American history, which was accompanied by a slow-rising but long economic expansion and powered by low interest rates to keep consumer and business spend afloat. When the market began correcting at the end of February, the phrase on Wall Street was “buying opportunity.” Many thought the coronavirus, which is still forcing consumers to stay home and manufacturing plants to stay shut, would be contained soon and that the second half of the year would post a recovery in economic growth back to 2% for most developed countries. The fear in the U.S. was the spread of the virus into the country. Its fear now is that without the massive quarantines
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SBUX
Earnings
- 1/30/24 - Miss
SBUX
Sec Filings
- 4/24/24 - Form 4
- 4/22/24 - Form 144
- 4/17/24 - Form 4
- SBUX's page on the SEC website