Well, the address to the nation by Trump didn't calm nerves! Trading has to be stopped twice within a week! Unheard of!
Dow slips 1,300 points as Trump coronavirus response disappoints, Fed funding cuts some losses
Carmen Reinicke
Mar. 12, 2020, 09:45 AM
trader upset angry
Reuters / Andrew Burton
US stocks plunged on Thursday after President Trump's Wednesday coronavirus comments failed to calm investors' nerves.
Trump's 30-day European travel ban added to trepidation as airline stocks tumbled.
The S&P 500 and the tech-heavy Nasdaq are in bear-market territory, down more than 20% from recent highs. The Dow Jones industrial average fell further into bear territory after closing below the threshold on Wednesday.
The losses pared in the afternoon after the Federal Reserve announced a stimulative bond-purchase plan.
Futures on all three major US indexes hit "limit down" early Thursday, slipping 5% before trading was halted.
Here's the rest of the article if anyone is interested.
.
