Dow Skids 800 Out of the Gate

Markets riled by White House's latest coronavirus projection, shed 3%-4%

By Polly Davis Doig

Posted Apr 1, 2020 8:43 AM CDT

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Dow Skids 800 Out of the Gate — Jay Woods, a Designated Market Maker with IMC and NYSE Floor Governor who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, NJ, Thursday, March 26, 2020. (Shannon Woods/Courtesy Jay Woods via AP)

The Dow stumbled more than 800 points out of the gate on Wednesday, reports the Wall Street Journal, echoing markets around the globe a day after it closed out the worst quarter on record. That was a 4% drop; the S&P 500 lost 3.8%, and the Nasdaq lost 3%. The losses came on the heels of President Trump's warning Tuesday that up to 240,000 Americans could die of the coronavirus.

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