JUST IN: The Dow closed below 20,000 total points for the first time since 2017. The index, which was down 6.3%, or 1,338 points, has erased nearly all its gains since President Trump took office.
There is a lot on investors' minds right now: expected recessions around the world, lower demand for energy and goods, and liquidity worries in financial markets.The selloff hit across asset classes on Wednesday.US stocks erased the prior session's gains and closed lower. They had staged a rebound rally on Tuesday, bouncing back from Wall Street's worst day since 1987.The Dow closed down 6.
Read MoreThe S&P 500 is also edging closer to falling below its January 2017 level. The index finished down 5.2%. The Nasdaq Composite closed down 4.7%.Trading was briefly halted during the early afternoon after the S&P fell 7%, thereby triggering the New York Stock Exchange's circuit breaker.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stock futures tick up after Monday's plunge on Wall StreetU.S. stock futures ticked up late Monday, following Wall Street's worst day since the 1987 crash. Dow Jones Industrial Average futures were last up about 300...
Read more »
China to expel U.S. journalists at New York Times, Washington Post and Wall Street JournalChina says it will revoke the credentials of Americans at three U.S. newspapers in response to new U.S. restrictions on Chinese media amid recriminations over coronavirus.
Read more »
Wall Street slumps, government bonds hammered as stimulus high fadesGlobal stocks stumbled back into the red on Wednesday as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe
Read more »
Global markets volatile after historic dive on Wall StreetShares rebound in Europe and Asia after a brutal sell-off over coronavirus fears that gave the U.S. stock market its worst loss in over 30 years.
Read more »