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Stock market affected wildly by coronavirus

During this time of uncertainty, you might have questions on if now is the right time to invest, and the stability of your 401K

Posted: Apr 13, 2020 12:14 AM

MASON CITY, Iowa - Wall Street has taken quite the hit during the COVID-19 crisis; the Dow Jones, Nasdaq, and S&P 500 have all had drastic drops, but also sharp rises, from day to day.

"Headlines, rumors, and information that is coming out about the virus. one of the things you notice is that volatility started coming out of the market a little bit on Monday of this week, and that's because we had a good weekend last weekend from a standpoint of a slowdown in a number of cases that were coming from New York City. It looked like things we're leveling off. The virus is really driving this market. This isn't so much a financially driven type of scenario, this is a healthcare driven scenario."

And with the uncertain situation we're living in now, is it still a good time to invest? Dave Jarvill with First Security Investment Services says now is the right time to invest, particularly in companies that have in-demand, needed products.

"If you've got fresh money, or money you're going to reposition, there are a number of good places that you can invest in that your return will be substantial over long periods of time."

If you do plan to invest, Jarvill advises to do your research, by checking each company's balance sheet (look for things like low debt, expense control, and looking for a consistent cash flow).

For those that might be confirmed about their 401K's, Jarvill advises to look at your time horizon - the age when you'll retire makes a big difference on what you should do. In addition, Jarvill advises creating an emergency fund, with a rule of thumb being at least 6 months of expenses tucked away in a savings or money marketing account.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 453808

Reported Deaths: 6131
CountyCasesDeaths
Hennepin941381495
Ramsey40509748
Dakota33463350
Anoka31283368
Washington20471234
Stearns18051190
St. Louis13916247
Scott1213098
Wright11756107
Olmsted1073975
Sherburne827868
Carver703139
Clay657684
Rice621170
Kandiyohi556772
Blue Earth546833
Crow Wing489178
Otter Tail463167
Chisago458138
Benton423288
Winona394248
Douglas378466
Nobles374447
Mower372129
Goodhue355362
Polk330660
McLeod327947
Beltrami315048
Morrison314145
Lyon304738
Becker288839
Itasca287143
Isanti284842
Carlton283543
Steele278510
Pine269614
Freeborn253623
Todd233130
Nicollet227938
Brown217434
Mille Lacs215045
Le Sueur213516
Cass210524
Meeker201233
Waseca192816
Wabasha17413
Martin171726
Roseau166317
Hubbard150238
Redwood141027
Houston139814
Dodge13864
Renville138040
Chippewa132332
Cottonwood128918
Fillmore12646
Wadena120218
Rock111912
Aitkin111233
Sibley10947
Faribault108816
Watonwan10688
Pennington101016
Kanabec99318
Pipestone96423
Yellow Medicine94916
Murray9096
Jackson87310
Swift84418
Pope7465
Stevens7078
Marshall70315
Clearwater68714
Lake66315
Lac qui Parle66016
Wilkin6349
Koochiching60310
Lincoln4892
Big Stone4693
Unassigned44568
Grant4388
Norman4258
Mahnomen4147
Kittson37320
Red Lake3204
Traverse2613
Lake of the Woods1961
Cook1150

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 310915

Reported Deaths: 4432
CountyCasesDeaths
Polk46760465
Linn18037279
Scott15838172
Black Hawk14076243
Woodbury13111181
Johnson1228552
Dubuque11615159
Pottawattamie9146115
Dallas907772
Story879438
Cerro Gordo472572
Webster472077
Sioux459657
Warren458039
Clinton457768
Marshall430762
Buena Vista396230
Muscatine395878
Des Moines394943
Plymouth352870
Wapello349898
Jasper331659
Lee324132
Marion308953
Jones274650
Henry267331
Carroll258234
Bremer249848
Crawford234324
Washington222933
Boone222717
Benton213050
Mahaska197637
Jackson194932
Tama190159
Dickinson188329
Kossuth178544
Delaware176036
Clay172021
Wright166624
Fayette165924
Hamilton162230
Buchanan162024
Winneshiek160820
Harrison158162
Hardin156931
Cedar155519
Clayton153849
Butler150924
Page146415
Floyd141436
Cherokee140027
Mills138517
Lyon137533
Poweshiek134924
Hancock131524
Allamakee130930
Iowa127722
Madison123610
Calhoun12349
Grundy122528
Jefferson122125
Winnebago121729
Mitchell116837
Louisa116230
Cass114843
Chickasaw113712
Appanoose112440
Sac112015
Emmet111232
Union111023
Humboldt106619
Shelby105427
Guthrie104224
Franklin103318
Unassigned10110
Palo Alto91711
Montgomery88324
Keokuk86326
Howard85519
Monroe82220
Clarke8108
Pocahontas78111
Ida75930
Davis70121
Greene6977
Adair69620
Monona67018
Lucas66610
Osceola64711
Worth6184
Taylor5999
Fremont5246
Van Buren50215
Decatur4964
Ringgold44811
Audubon4218
Wayne41921
Adams2993
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