New York City (AP)– The sell-off bludgeoning financial markets around the globe got back at worse Thursday as the economic discomfort triggered by the coronavirus ended up being more painfully clear. Worries are rising that the White House and other authorities all over the world can’t or will not do what’s required to assist quickly.
After the Dow Jones Industrial Average closed in a bearish market for the first time in more than a decade, President Donald Trump said late Wednesday he would limit travel to Europe in hopes of including the infection. It’s the latest hit for an airline market currently battered by scared travelers cancelling plans, and market losses accelerated worldwide as Trump spoke while giving few information about a big stimulus program that could help.
The S&P 500 dropped about 7%within the very first few minutes of Thursday’s trading, high enough to activate an automatic halt to trading on the New York Stock Exchange. The index is set to join the Dow in entering a bearishness after losing more than 20%from its record