T - Coronavirus Income Stocks: 7 High-Yield Dividend Stocks to Buy Right Now
These are truly unprecedented times, and the spread of coronavirus disease 2019 (COVID-19) is squarely to blame.
As of this time last week, there were more than 181,000 confirmed cases of coronavirus worldwide, which had led to the deaths of over 7,100 people. While the spread of COVID-19 has slowed dramatically in Wuhan (the suspected origin of this illness), within the China's Hubei province, it's grown rapidly elsewhere, including in the United States, where positive coronavirus diagnoses quintupled in a week (ending March 16).
In recent weeks, stringent mitigation measures have been implemented by countries around the world in an effort to save lives. Unfortunately, these measures (ranging from recommended social distancing to total lockdown) are expected to wreak havoc on the U.S. and global economy in the short run. This is why we've been witnessing record-breaking volatility in the stock market.