The stock market has continued its relentless drop — moving deeper into bear territory — hours after President Trump announced a 30-day ban on travel from European countries to the U.S.
After weeks of turmoil over the economic toll of the coronavirus, U.S. stock indexes entered a bear market, signaling an end to their 11-year winning streak.After weeks of turmoil over the economic toll of the coronavirus, U.S. stock indexes entered a bear market, signaling an end to their 11-year winning streak.The stock market continued its relentless, breathtaking drop Thursday — moving deeper into bear territory — with major U.S. indexes sinking as much as 8%.
The Dow Jones Industrial Average was down more than 2,100 points, or 7.8%. The S&P 500 fell 7.5% and the Nasdaq was down 6.5%.Trump Suspends All Travel From Europe For 30 Days To Combat COVID-19 The market tumble came hours after President Trump announced a 30-day ban on travel from European countries to the United States.
Trump said it was an effort to stem the spread of the coronavirus, but the move caused confusion on both sides of the Atlantic andThursday's drop followed a nearly 6% percent plunge in the Dow on Wednesday, when the blue chip index
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