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Friday, February 28, 2020

The Daily Money: A record drop for stocks

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, February 28

What a week, money readers. The stock market, which in mid-February hit all-time highs, has stumbled badly as the coronavirus spreads rapidly around the world. The growing outbreak is raising concerns about the U.S. economy, the money in our 401(k)s, and how much we should keep spending and investing. 

It's David, with our top business stories for Friday. 

Stocks in shock: Anxiety over the global coronavirus outbreak has pushed the stock market into a new zone of fear. After falling sharply all week, the Dow tumbled 1,190.95 points to close at 25,766.64 on Thursday – its worst one-day point drop in history.

What's my password, again? Do you hate remembering passwords? Soon you may be able to forget them for good. 

More retail layoffs: Bed Bath & Beyond is cutting roughly 500 jobs, the latest retailer to reduce positions as they try to boost business and slash costs.

For more money news, keep scrolling down. 

David Brinkerhoff, Deputy Money Editor

NEW YORK, NY - JUNE 7: Traders work on the floor of the New York Stock Exchange (NYSE) at the closing bell, June 7, 2019 in New York City.
Dow plunges 1,191 points as coronavirus fears escalate
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