Virus continues to take toll on Wall Street, global marketsBusiness | 2 Apr 2020 10:15 am
Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak mounts — and as experts say they still can’t predict when it will end.
The S&P 500 lost 4.4 percent after the White House said anywhere from 100,000 to 240,000 Americans could die from the virus that emeregd in China, even if the country follows guidelines to avoid shopping trips, eating at restaurants and other activities through April. Florida’s governor became the latest to issue a statewide stay-at-home order.
The S&P 500 fell 114.09 points to 2,470.50, and all 11 sectors that make up the index lower. Among the few gainers were Kellogg, Dollar General and other companies selling day-to-day essentials that households are stocking up on to ride out stay-at-home orders.
The Dow Jones Industrial Average lost 973,65, or 4.4 percent at 20,943.51, and the Nasdaq composite fell by 339.52, or 4.4 percent, at 7,360.58.-AP