Dow plunges 974 points after Trump warns of 'painful' times to come and a 'shocking' coronavirus death toll
'Buy these 14 stocks flush with the cash reserves to survive a prolonged coronavirus crisis, BTIG says
Investor sentiment is falling as the impact of the coronavirus pandemic is "maybe starting to hit home for people that had been hoping for better news," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Markets Insider in an interview. , slipping more than 23%. Both the Dow and the S&P 500 also posted their worst monthly returns since the depth of the financial crisis in October 2008, falling 14% and 13% in March..
. It was the first time since 2017 the report had shown job losses, signaling that coronavirus-induced layoffs began before state lockdowns and widespread social-distancing measures increased in mid-to-late March.
Investors will also be watching for jobless claims data Thursday, and the March jobs report Friday for further clues of economic fallout. Economists are expecting that Thursday'sDo you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is impacting businesses.
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