The Dow has now fallen over 20% from last month’s record high.
The stock market plunged on Wednesday, with the Dow Jones Industrial Average sliding more than 1,400 points—officially entering a bear market for the first time since the 2008 financial crisis—after the World Health Organization declared the coronavirus outbreak a global pandemic.
Markets started the day in the red, as investors nervously awaited more details on the Trump administration’s Earlier this week, following Monday’s historically brutal sell-off, stocks rallied briefly on Tuesday when President Trump promised “major”to address the fallout from the coronavirus outbreak—but doubts remained over a lack of specific details and an unclear timeline.
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