There is little good news out there….
Stocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note thanks to persistent concerns over the spread of the novel coronavirus.
The Dow Jones Industrial Average traded more than 800 points lower, or 4%. The 30-stock average hit a session low around 12:40 p.m. ET, trading more than 950 points lower. The S&P 500 slid 4.2% while the Nasdaq Composite lost 3.8%.
President Donald Trump said Tuesday evening the U.S. should prepare for a “very, very painful two weeks” from the rampant coronavirus. White House officials are projecting between 100,000 and 240,000 virus deaths in the U.S…..
Closes down -973 points….
Trump is no longer the bearer of hope or good news…