Dow Jones Plummets Nearly 3,000 Points as Virus Fears Spread

Dow Plummets Nearly 3,000 Points as Virus Fears Spread

U.S. stocks drop sharply, while bond yields plummet again, despite Fed stimulus efforts

Trump Expands Europe Travel Ban, Says He Was Tested for Virus

YOU MAY ALSO LIKE

UP NEXT

0:00 / 2:23

Trump Expands Europe Travel Ban, Says He Was Tested for Virus

The Trump Administration suspends travel for European visitors, in the wake of the coronavirus pandemic. President Trump says he has been tested for the virus, and he addressed conflicts with the Fed in a Saturday news conference with the Vice President and other officials. Photo: AP

By 

Caitlin McCabe, 

Anna Hirtenstein and 

Chong Koh Ping

Updated March 16, 2020 5:58 pm ET

• PRINT
• TEXT
• 758

The Dow Jones Industrial Average dropped nearly 3,000 points Monday—its steepest decline of the monthlong selloff—reflecting fear the emergency measures taken by the Federal Reserve may not be enough to ward off a coronavirus-induced recession.

The decline underscores the level of worry among investors since the coronavirus pandemic escalated and disrupted supply chains, sidelined workers and infected tens of thousands of people.