Stock market news live updates: Dow drops 1,400 points, ending in bear market [DailyFinance (AOL.com)]
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Source: DailyFinance
Stocks plunge 1,400 points after WHO declares coronavirus outbreak a pandemic Stock market news live updates: Dow drops 1,400 points, ending in bear market Share Emily McCormick Mar 11th 2020 4:20PM The S&P 500, Dow and Nasdaq tumbled Wednesday as the volatility of the past couple weeks extended further. Midday Wednesday, the World Health Organization officially designated Stocks’ afternoon leg lower extended declines from earlier in the regular and overnight sessions. During the pre-market session, stock futures slumped after the White House failed to offer further details on a stimulus package President Donald Trump earlier this week had characterized as “very major.” The measures reportedly in consideration included a payroll tax cut and expanded worker protections, to help counteract any economic fall-out from the ongoing coronavirus outbreak. While further fiscal stimulus in the U.S. remains a point of uncertainty, overseas, central bankers have unleashed further monetary stimulu
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