lead to the biggest one week

drop in the stock market since

2008.

Here's what happened today.

The DOW was down 357 points --

pushing its loses to the week

to 12 percent. The NASDAQ was

UP by almost a point -- and

the S&P was down by 24 points.

With the advise of a local

financial analyst -- here's

reporter Jason Cerjak.

The outbreak of the

Coronavirus has many around

the world on edge... We've

seen a big sell- off on all

financial markets over the

past week. But local stock

experts say the recent drop is

to be expected given the

cirsumstances. Maxwell:

"VOLATILITY HAPPENS EVERY

SINGLE YEAR IN THE STOCK

MARKET. GOING BACK TO 1980,

THE AVERAGE PULL BACK FROM A

HIGH TO A LOW IS RIGHT AROUND

14 PERCENT." Maxwell says that

fear is getting the better of

investors and markets are

reacting to that fear.

Maxwell: "SO WHEN THERE'S FEAR

IN THE ECONOMY, PEOPLE TEND TO

STAY AT HOME, NOT SPEND AS

MUCH MONEY. SO EARNINGS FOR

CORPORATIONS POTENTIALLY COULD

FALL. WHICH THEN THE STOCK

MARKET FOLLOWS EARNINGS IN THE

LONG RUN." Maxwell says it's

too soon to say how big this

downturn will be. He advises

money soon to wait it out.

Maxwell: "IF YOU'RE STILL

LONG-TERM AND CAN HANDLE MORE

DOWNTURN POTENTIALLY, STAY THE

COURSE." He says that while

it's tough not to panic...

Avoiding a rash decision is

best for long-term results.

Maxwell: "IT ALL DEPENDS ON

YOUR SITUATION, BUT USUALLY

YOU DON'T WANT TO LET EMOTIONS

GET INTO WHAT YOU DO, BUT

THAT'S HARD TO NOT ALLOW IT."

Maxwell advises that if you

are within a year or so of

retirement or if big

fluctuations in stock prices

make you nervous... Then you

might want to change how you

invest your money. Jason

Cerjak...WKBN 27 First News

People are also trying to take

advantage of the coronavirus