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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