The blue-chip index plunges more than 1,300 points, erasing nearly all of its Trump-era gains
- U.S. economy expected to lose 4.6 million travel-related jobs this year from coronavirus fallout
- Supermarkets are limiting the number of shoppers at one time. Temperature checks and delivery-only stores may follow.
- Businesses were already hurting under trade war. Then came coronavirus
Investors unleashed their coronavirus fears Wednesday, sending U.S. markets into a tailspin.
Nearly every asset class — stocks, bonds, gold, oil — came under siege as investors fled to the safety of cash. The weeks-long panic has hollowed out a big chunk of the stock gains from the bull market and erased virtually all of the equity advances under the Trump presidency.