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Dow dives more than 1,300 points on coronavirus fears

Editor CBS News March 11, 2020

Financial markets are tumbling amid mounting investor concern about the economic fallout from the coronavirus outbreak, which health officials officially declared a pandemic.

The Dow was down 1,340 points, or 5%, to 23,678 as of 2:11 p.m. Eastern time. The stock index is now nearing “bear” territory, meaning it has fallen nearly 20% from its all-time high in February.

The broad-based S&P 500-stock index fell 4.9%, and the tech-heavy Nasdaq composite sank 4.7%. The declines erased Tuesday’s sharp gains, when investors boosted stocks in hopes of a proposed stimulus package from the Trump administration.

…continued .
[Source: CBS News]

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‹ Large gatherings banned in San Francisco and Seattle area to slow the coronavirus outbreak › Dow drops 1,400 points and is now on pace to close in a bear market, down 20% from its record
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  • Answers to 9 crucial questions about the coronavirus variants spreading around the worldAnswers to 9 crucial questions about the coronavirus variants spreading around the world
  • Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.Prisons are covid hot spots. But few countries are prioritizing vaccines for inmates.
  • Biden Outlines $1Biden Outlines $1.9 Trillion Spending Package to Combat Virus and Downturn
  • What’s in Biden’s $1What’s in Biden’s $1.9 Trillion Stimulus Plan
  • Biden's $1Biden’s $1.9 trillion Covid relief plan calls for stimulus checks, unemployment support and more

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