Why T-Mobile Stock Fell Today
Shares of T-Mobile (NASDAQ: TMUS) declined by 11.2% on Thursday, coinciding with a vicious marketwide sell-off that saw the major U.S. indexes fall nearly 10%.
The outbreak of COVID-19, the disease caused by the novel coronavirus, is causing panic to spread throughout the financial markets. More than 127,000 people have been infected with the disease and over 4,700 have died. Markets around the world have plunged in response.
The measures being taken to combat COVID-19 are likely to have severe economic ramifications. Travel bans, business closures, and forced quarantines will all take a toll on the economy -- and concerns are mounting that we're headed for a recession.
Source Fool.com
