Dow drops 1,300 points, S&P 500 loses 5% as coronavirus market sell-off reaches new low

" on Wednesday. "America will end as we know it. I'm sorry to say so, unless we take this option."

Details of a potential fiscal stimulus package were not enough to curb the selling pressures in the market. Wall Street has been on an unprecedented roller-coaster ride amid the coronavirus turmoil, with the S&P 500 swinging 4% or more in either direction for a record eight consecutive sessions. This tops the previous record of six days from November 1929, according to LPL Financial.

The 10-year Treasury yield jumped to 1.21% Wednesday after trading around 0.77% midday Tuesday before details of the potential stimulus emerged. It began the week at around 0.65%. It wasn't the outright rate level that caused uneasiness among traders, but the rapid nature of the move overnight.

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Hat trick

Red zone... Like it's a Blood genotype testing going on! Great times ahead!!

Perhaps we need to be more worried about people dying then we are about economic downturn’s for a short time. Solve the virus problem. We’re not emphasizing test, treatment, and vaccination as we should.

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