Stock Market Plunges Again

“Financial markets continued to spasm Wednesday, with U.S. stocks plunging toward levels that pause trading, as the economic fallout from the pandemic outpaces the massive response from governments and central banks,” Bloomberg reports.

“The S&P 500 fell more than 6% and wiped out all the gains logged since Donald Trump’s inauguration.”

Wall Street Journal: “Investors are even shunning assets that are normally considered the safest, including long-term government bonds and gold. That rarely happens when riskier assets like stocks are also falling.”