The Dow ( fell short more than )1,500 points on Tuesdayand brings the index below 19,732 points. It was Dow's closing level on January 19, 2017, the day before Trump took office.
The S&P 500 ( is still above Trump's level of deployment, but it is possible to wipe out all of Trump's stock market gains as well. The index, which is the broadest target on Wall Street, was down 6.3% in the early afternoon of Tuesday. )
Global stocks have been hit hard by concerns about the economic downturn from the coronavirus outbreak, which has now infected more than 7,000 people in the United States.
economists Predict the recession for both individual countries and the world economy this year, when the pandemic traded both a supply and a demand shock for trade. That said, expectations of a sharp downturn for the economy and the stock market towards the second half are high.