Stock markets plunge on new coronavirus angst and U.S. election uncertainty

Posted by Ross Marowits, The Canadian Press

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TORONTO – North American stock markets were on edge again Thursday, plunging amid new concerns about the spreading of novel coronavirus and uncertainty over the upcoming U.S. presidential election.

“There’s clearly still a lot of uneasiness happening in the broader marketplace,” said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc.

California declared a state of emergency after a COVID-19 related death and the number of infections doubled overnight in New York. And then Sen. Elizabeth Warren dropped out of the race to become Democratic presidential nominee in an expected boost to rival Sen. Bernie Sanders.

The U.S. 10-year treasury yield dropped to a new low under the one per cent psychological level for investors.

“Until we can get back above one sustainably I think you’re going to see a lot of…click for full article.