Global stocks plunge after Trump announces coronavirus response package - Business Insider

The drop came after President Donald Trump announced several steps the US will take as it grapples with the coronavirus pandemic.He added that the "prohibitions will not only apply to the tremendous amounts of trade and cargo, but various other things as we get approval. Anything coming from Europe to the United States is what we are discussing," before walking back the comments in a tweet after the speech.

Futures do not correlate directly with trading during regular hours, but the slides came just hours afterinto bear market territory, meaning the index was down 20% from its recent heights. The move ended the longest bull market run in history for the index, which started on March 9, 2009. The S&P 500 and Nasdaq were just short of entering bear markets.

The drop-off came after President Donald Trump announced several steps the US will take to respond to the coronavirus pandemic. Trump said the US will ban all travel from Europe by non-US citizens for thirty days. But the White House and the president himself scrambled to clarify his comments as futures tanked in response to his announcement.

Strong medicine. Tough. What are you implying?

Capitalism fails every time it’s tried.

This guy looks super healthy. Glad GOP put all its chips on him. 😱

Oh well, it will bounce back.

Because there was no response package 🤷🏼‍♂️

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Trump slams 'pathetic, slow moving' Federal Reserve as the coronavirus hits the US economy - Business InsiderEven before the outbreak, Trump repeatedly called for more aggressive measures including quantitative easing and negative interest rates. We slam a clueless buffoon as President. He's a complete joke. Worst President by far and there is tremendous competition for that title. They should be making meals specifically designed to boost the parts of the body the Coronavirus effects and adding non-psycho inducing hemp, aloe vera, marshmallow root etc. also that needs to be growing in Mass amounts and I takes time so they also need to disinfect the streets EVERYTHING to him is transactional. Cut the Fed rate, tax cuts..NONE of which directly impacts our ability to respond to a potential crisis. But protecting people's pocket books is paramount?!
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Coronavirus: Uber recommends remote work for US, international offices - Business InsiderUber is strongly recommending that employees in the US and many international offices work remotely through April 6 to limit spread of coronavirus drivers too? How you gonna drive me around from home? The drivers too?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Afterpay now has more customers in the US than its native Australia - Business InsiderThough Afterpay only launched in the US in 2018, its customer base in the market has already surpassed its base of 3.1 million customers in Australia.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Coronavirus testing in US may be limited by shortage of raw materials - Business InsiderThe US is struggling to test more people for coronavirus. Now, it's facing a shortage of the raw materials used to run those tests. Satarız. Keyfe keder 😂😂 contact: Ahaber Maybe there are alternative ways to test for coronavirus Maybe you should just reap what your Harvard professor has sown. 🤷🏻‍♂️
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »