Stocks Plunge As Coronavirus Continues To Cause Unprecedented Volatility On Wall Street

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Stocks were down again on Wednesday, erasing the previous session’s gains as investors grappled with ongoing uncertainty from the coronavirus.

The stock market was down again on Wednesday, erasing the previous session’s gains as investors grappled with ongoing coronavirus fears and awaited more details on the government’s $1 trillion economic response to the pandemic.

Stock futures once again indicated steep losses at the market open, with all three major indexes hitting their limit-down levels of 5% or lower in pre-market trading. “The market’s volatility right now is truly unprecedented throughout history,” according to Bespoke Investment Group. Data from the firm shows that yesterday’s rally was the 7th straight day where the S&P 500 swung more than 4% in either direction, which has never happened before—and that trend looks like it will continue.

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