◊ Coronavirus Declared Global Pandemic ◊
U.S. stocks headed back towards lows Wednesday as investors awaited further details on stimulus measures proposed by the White House to curb the impact of the novel coronavirus, which has become a pandemic, according to the the World Health Organization.
The S&P 500 slipped 3.91%, Nasdaq Composite lost 3.58% and the Dow Jones Industrial Average fell 4.39%.
After weeks of downplaying the potential effects of the virus, President Donald Trump has called an emerging meeting of top U.S. health officials at a time when the coronavirus spread continues to gather momentum.
The World Health Organization declared Covid-19 a global pandemic as the virus has spread globally, with infections now topping 120,000.
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