Wall Street stocks plunge again bringing the market's worst week since 2008 to a grim conclusion, triggered by a worsening coronavirus pandemic
The Dow Jones Industrial Average is displayed after the closing bell on the floor of the New York Stock Exchange in New York City, New York, US, March 11, 2020
After a volatile session which saw stocks spend part of the day in positive territory, the Dow Jones Industrial Average lost 4.6 percent, or around 915 points, to end at 19,173.98, again dropping below the level when President Donald Trump was inaugurated in January 2017. IHS Markit now sees a contraction of 13 percent in the second quarter after projecting a 5.4 percent decline just four days ago."The damage is not likely to pass in a month or two," FHN Financial said in a note. "Increasingly, it appears there will be a sharp drop in global activity, followed by a period of significant weakness lasting at least two quarters, followed by a partial recovery.
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