Wall Street dropped sharply on Wednesday, following steep losses overseas. Investors fear Washington will not be able to do enough to offset the lost economic activity caused by the coronavirus pandemic
Traders wait after trading was halted on the floor of the New York Stock Exchange in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson
- The S&P 500 index fell on Wednesday when trading resumed after an initial automatic 15-minute cutout, as investors priced in a complete breakdown in business activity and consumer spending from the coronavirus pandemic. With airports and hotels emptying and airlines asking staff to take unpaid leave to stem losses, the S&P 1500 airlines index .SPCOMAIR sank 27.6%, while shares in Hilton (
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