Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Stocks plunge as Wall Street, White House see recession risk

 

March 17, 2020

Mark Lennihan – Associated Press

Stocks plunged sharply in early trading Monday. File photo of a trader walks on the floor of the New York Stock Exchange Friday afternoon.

NEW YORK - The U.S. stock market plunged to its worst day in more than three decades as voices from Wall Street to the White House said the coronavirus may be dragging the economy into a recession.

Monday's 12% drop for the S&P 500 means it has plummeted nearly 30% since setting a record less than a month ago, and it's at its lowest point since the end of 2018. Losses were steep Monday, accelerating in the last half hour of trading after President Donald Trump said the economy may be headed for a recession and asked Americans to avoid gatherings of more than 10 people.

http://www.startribune.com/stocks-nosedive-on-wall-street-triggering-trading-halt/568827512/

 

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