Dow Jones closes down 2,999 points in worst day since 1987; Trump says U.S. "may be" headed into recession
뉴욕증시, 코로나19 충격에 폭락 마감,.. 다우 3000p 하락
We start with yet another day of carnage on Wall Street, prompted by the coronavirus outbreak.
Stocks cratered on Monday despite the Federal Reserve's decision to slash rates to near zero and buy tens of billions of dollars of assets.
Investors were put on extra edge just before the closing bell as President Trump said the virus may last until the summer and the U.S. "may be" headed toward a recession.
Here's Trump during the presser.
Is the U.S. economy heading into a recession?
"Well it may be. We're not thinking in terms of recession. We're thinking in terms of the virus. Once we stop, I think there is tremendous packed up demand, both in terms of stock market and in terms of economy."
And that White House briefing,… drove down the shares even further.
The Dow Jones closed a whopping three-thousand points, or 13-percent lower,… the worst day performance since Black Monday in 1987.
The S&P 500 and the Nasdaq each tanked around 12 percent.
Seconds after the opening bell, the S&P 500 dropped 7-percent,… triggering a circuit breaker that halted all trading for 15 minutes.
Oil prices plunged to below 30 dollars per barrel early Monday,… as the markets spooked over the Fed's cutting rates to near zero.
Brent Crude crashed 10-percent while WTI dropped around the same to 28 dollars a barrel.
#U.S. #stock #economy
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