Toll Brothers, Penn National lead long list of local companies impacted by stock market swoon

//Toll Brothers, Penn National lead long list of local companies impacted by stock market swoon

Toll Brothers, Penn National lead long list of local companies impacted by stock market swoon

Some of Philadelphia’s largest public companies are being hit hard as the Dow Jones Industrial Average’s descent continued for the third consecutive day Wednesday after hope that the stock market was turning a corner in the morning. The Dow closed 124 points lower, after losing 879 points Tuesday and 1,032 points Monday, as the number of coronavirus cases outside China surged — creating fears of a pandemic and prolonged global economic slowdown. Wednesday’s losses brought the Dow’s points…

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2020-02-27T00:13:37+00:00 February 27th, 2020|Economics|

About the Author: