Stocks
If a vaccine for COVID-19 does indeed pan out, analysts say it’s a “game changer” and just what the market had been waiting for.
“This was a politically motivated attack shamelessly promoted by the fake news media," an aide to Sen. Kelly Loeffler said.
Uncertainty surrounding the coronavirus and its impact on the economy could spell more trouble for the stock market.
The Republican senator is under investigation for selling stocks after attending a briefing on the potential impact of the coronavirus pandemic.
WHAT'S HAPPENING
Sen. Kelly Loeffler faced severe scrutiny after reports revealed that she sold up to $3.1 million in stock as the coronavirus pandemic intensified.
Sen. David Perdue (R-Ga.) bought shares in chemical giant DuPont, among several senators whose recent stock activity has raised red flags.
Sen. Kelly Loeffler said she had no knowledge of the sales, and Sen. Richard Burr said his decision was based on reports out of Asia amid the COVID-19 outbreak.
Sens. Richard Burr and Kelly Loeffler reportedly made dozens of stock trades shortly after private health briefings for Congress began in January.
Trading on Wall Street’s three main stock indexes was halted for 15 minutes shortly after the open as the S&P 500 index plunged 8%, crossing the 7% threshold that triggers an automatic cutout.
But she's not the only one getting snippy at Snapchat.