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Dow sinks 1,600 points as fear of coronavirus fallout grips market

Dow sinks 1,600 points as fear of coronavirus fallout grips market

Thursday, March 12, 2020, 10:07 AM

Stocks are falling sharply on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. The Dow Jones industrials dropped 1,600-points, or 6.7% in late trading. Both the Dow and the broader S&P 500 have now fallen roughly 20% from their recent highs. Investors are still waiting for details from the Trump administration about aid promised for the economy.
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