Asia stocks set to decline as Dow enters bear market; WHO declares coronavirus outbreak a pandemic

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The Dow Jones Industrial Average plunged into bear market territory overnight as the World Health Organization declared the coronavirus outbreak as a global pandemic.

, where he is expected to unveil details of his economic stimulus plan to deal with the economic impact of the coronavirus outbreak."We're deeply concerned both by the alarming levels of spread and severity, and by the alarming levels of inaction," said WHO Director-General Tedros Adhanom Ghebreyesus. "We have rung the alarm bell loud and clear."

Overnight on Wall Street, the Dow plummeted 1,462.94 points to close at 23,553.22 — more than 20% lower than the record close set only last month and putting to end an expansion that started in 2009 amid the financial crisis. The

 

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October 19, 1987, the Dow shed 22% in a single day. Better news, Comcast NBC Universal has crashed this month 2020

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Global stocks and oil mount a recovery while Dow futures gain 1,000 pointsDow futures gain 1,000 points after news of President Trump's plan to propose a payroll tax cut You yanks don't know what a diamond you have in President trump,he really is the peoples President. A payroll tax? With the infection you can't work what good is a payroll tax cut What Americans need I'd paid family leave if your infected. How about getting these test kits to States to test their citizens? How about funding for the costs associated with treatment? I think the market doesn’t know its ass from its elbow, is swinging from pillar to post, and has no idea what it should be doing. It just throws shit at the wall each day to see what sticks. Different wall tomorrow.
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