Dow Falls Nearly 3K as Virus News Worsens

That's a drop of 13%
By Newser Editors,  Newser Staff
Posted Mar 16, 2020 3:04 PM CDT
Dow Falls Nearly 3K Amid Coronavirus News
Trader Peter Mazza works on the floor of the New York Stock Exchange Monday, March 16, 2020.   (AP Photo/Craig Ruttle)

The stock market started out in a freefall Monday and never recovered. The Dow fell 2,997 points, nearly 13%, while the S&P 500 and the Nasdaq fell by about 12%. The Dow is now at 20,188 and on a trajectory to fall below 20,000. The S&P fell 324 points to 2,386 and the Nasdaq fell 970 points to 6,904. A day of bad news on the coronavirus front increased worry among investors that a recession is on the horizon, reports the Wall Street Journal. In fact, President Trump told reporters the US "may be" heading into a recession, reports CNBC, and he added that the worst of the outbreak could last until August. (Read more stock market stories.)

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