Coronavirus update: Stocks slide as more states order lockdowns. Here’s what else happened today
Wall Street ended the week the same way it began: in full retreat from the coronavirus.
Among developments since this morning:
The Dow Jones Industrial Average slid more than 900 points, ending the week with a 17.3% loss. The latest sell-off wiped out the gains from a day earlier and capped the market’s worst week since the financial crisis of 2008.President Donald Trump and the government’s top infectious disease expert, Dr. Anthony Fauci, publicly sparred on whether a malaria drug would work to treat people with coronavirus disease.Mexico and the U.S. announced that they would prohibit all “non-essential” travel across their shared border.Leaders from Congress and the White House buckled down for high-stakes negotiations on a mammoth $1 trillion-plus economic rescue package as Trump lashed out over questions of his handling of the coronavirus outbreak.New York and Illinois joined California with orders to shelter in place.The Army became the first military service to announce it is shutting down all of its recruiting stations around the country.Most Americans who rent their home, many of whom have lost their jobs in the sudden economic slowdown, will not be eligible for eviction protections.WHO and other leading agencies say there is no evidence to support the suggestion that ibuprofen might worsen the symptoms of COVID-19.Trump invoked the Defense Production Act to get needed medical supplies on the front lines of the coronavirus outbreak and the private sector mobilized against it.
For more summaries and full reports, please select from the articles below. Scroll further for helpful tips, a guide to coping, maps tracking virus spread, and live updates from verified social media accounts.
For most people, the new coronavirus causes mild or moderate fever and cough. It can cause more severe illness including pneumonia for some, especially older adults and people with existing health problems.
The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover.
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