Stocks remain lower after trading resumes; Dow down 1,800

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, March 12, 2020. Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan's benchmark Nikkei 225 dived 4.2% in morning trading.

The S&P 500 dropped about 7% within the first few minutes of Thursday’s trading, steep enough to trigger an automatic halt to trading on the New York Stock Exchange. The index is set to join the Dow in entering a bear market after losing more than 20% from its record set last month, and one of the greatest eras in Wall Street’s history is crumbling.

It was just two days ago that the S&P 500 soared nearly 5% amid hopes that big stimulus from the U.S. government could arrive soon to help cushion the economic blow from the virus. Trump’s pitch for a cut in payroll taxes has hit resistance on Capitol Hill, though, and hopes dissipated after Trump’s Wednesday remarks from the Oval Office, where he blamed the “foreign virus.”

For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia.

Traders feel like Americans are panicking too much and so they panic in reaction.

Buy buy buy!!!!!! Three weeks they're going to sky rocket back up!

we need Joementia to the rescue

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