Stocks fall as statewide shutdowns spook Wall St.
Stocks slumped on Wall Street as investors weighed the impact of more shutdowns, including New York Governor Andrew Cuomo’s order to keep most of the workforce in the state at home. It marks the end of another turbulent week that witnessed punishing drops as investors weighed the economic impact of the widening coronavirus pandemic.
The Dow shed 913 points, or 4.6%, to 19,174. The broad-based S&P 500-stock index slipped 4.3% and the tech-heavy Nasdaq composite declined 3.8%.
Investors are digesting increasingly dire predictions for the economic impact of the widening coronavirus pandemic. New York’s Cuomo on Friday coronavirus. On Thursday, California Governor Gavin Newsom announced a statewide order for residents to stay at home, shuttering venues …continued .
[Source: CBS News]