We are now 100 days into the pandemic. In the last 100 days, we've seen 2.16 million Americans get infected and 117,717 die. Nearly 50 million people have applied for unemployment benefits.
The World Health Organization declared the coronavirus a pandemic 100 days ago on March 11. Since then, over 2.1 million people have been diagnosed with COVID-19 and more than 117,000 people have died from the coronavirus in the U.S., according to Johns Hopkins University.
As the economic calamity spread, the Federal Reserve acted boldly to cut a key U.S. interest rate to near zero and make credit widely available to thwart a Wall Street meltdown.Washington then stepped in with trillions of dollars of emergency spending, a lifeline to the economy that also included critical small-business loans and extra unemployment benefits to millions of people who lost their jobs. An astonishing 49.
The rapid deterioration and revival in the economy has been mirrored by the stock market, but even more so. After falling into the first bear market in a decade, the Dow Jones Industrial Average has recouped most of its losses. And the technology-heavy Nasdaq index even set a new all-time high only one week ago.Overall, the S&P 500 SPX, -0.06% gained $2.1 trillion in market capitalization with the index up over 8% for the 99-day period but down 3.6% for the year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Timeline: The first 100 days of New York Gov. Andrew Cuomo's COVID-19 responseTIMELINE: The first 100 days of New York Gov. Andrew Cuomo's COVID-19 response.
Read more »
Steroid first drug to save lives in Covid-19 fight, initial results showResearchers led by a team from the University of Oxford said daily doses of the steroid could prevent one-in-eight ventilated patient deaths and save one out of every 25 patients requiring oxygen alone.
Read more »
5 meaningful Father's Day ideas amid Black Lives Matter, Pride Month and the COVID-19 pandemicFather's Day 2020 is another occasion that feels significantly different than the year before. Here are ways to honor the father figures in your life.
Read more »
Tiny sponges may soak up coronavirus; old steroid dexamethasone saves lives in COVID-19 studyThe following is a brief roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus.
Read more »
French nurse: We cared for COVID patients, who will care for us?At the peak of the COVID-19 crisis in France, 29-year-old nurse Justine Debrie volunteered to work in a hospital coronavirus unit. Now she wants to know how the French state is going to recognise her sacrifice.
Read more »
In Canada's COVID-19 capital, younger students return to class in 'bubbles'Quebec's elementary and younger high school students will be divided into smaller subgroups, or 'bubbles,' and no longer switch classes when they return to school this fall, education officials in the Canadian province hit hardest by the coronavirus outbreak said on Tuesday.
Read more »