Ten thousand point wipeout: Markets continue downward plunge, as coronavirus fears rattle investors ...United Arab Emirates

The ongoing Covid-19 crisis wreaked havoc on global markets, as investors gave a mixed response to stimulus measures and containment efforts. In the US, the Dow Jones closed lower than at any point since Donald Trump’s election. Despite President Donald Trumps’ signing of wartime legislation to address shortages of vital medical equipment, the Dow Jones Industrial Average closed at just under 20,000 points on Wednesday, a drop of 6.3 percent on the day before. Even on Tuesday, the announcement of a trillion dollar stimulus plan caused only a momentary uptick in the index’ downward tumble. Dropping over 1,400 points right after the open

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