What a day on Wall Street. The Dow closed down 2,352 points — its worst percentage drop since 1987, and its worst point drop ever.
7:45 am: CME Group to close Chicago trading floor as a precaution due to coronavirusdue to the coronavirus pandemic. The closing will take effect Friday "at the close of business," CME said in a statement, noting that no coronavirus cases have been reported at the Chicago Board of Trade trading floor. This would make CME the first major U.S. exchange to close a trading floor due to concerns over the coronavirus.
at the opening of trade on Thursday. Though an official bear market is determined on a closing basis, the S&P 500 is on track to slide 4.7% based on premarket futures trading. That would put the index 22.88% below its record close of 3,386.15 hit on Feb. 19. The Dow, meanwhile, is poised to fall further into a bear market one day after its historic, 11-year bull market run came to an end on Wednesday. Futures showed the blue-chip index on track to dive 1,200 points, or 5%, at the opening bell. —President Donald Trump gave a speech on Wednesday evening, announcing a ban on travelers to the United States from Europe, in an attempt to stem the spread of the coronavirus pandemic..
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