Concerns over coronavirus send stocks tumbling
Northwestern professor available for comment on impact to the markets
U.S. stock markets plummeted Monday amid growing concern about the spread of coronavirus, which has now killed at least 80 people worldwide. Northwestern University’s Phillip Braun believes the impact will be short-lived. He is available to speak to media about the situation.
Braun is a clinical professor of finance and associate chair of the Finance Department at Kellogg School of Management at Northwestern. He specializes in the study of emerging market economies and financial markets. Braun can be contacted by reaching out to Molly Lynch at 773-505-9719 or molly@lynchgrouponline.com.
Quote from Professor Braun:
“The major U.S. markets were all down on opening on Monday by at least 1.5 percent. A likely rational for these declines is increased market worry about the Chinese coronavirus.The expectation is that this will be a short-term correction; once the markets revert to looking at fundamentals, the market will most likely rebound.”