Published in CBNNews.com
The Dow Jones Industrial Average sank dramatically Monday, plummeting nearly 3,000 points, a nearly 13 percent plunge, for the worst drop since the 22 percent crash of 1987. The Nasdaq and S&P 500 each plunged roughly 12 percent as well.
For the third time in a week, Wall Street abruptly stopped trading this morning to slow the slide. It comes despite the best efforts of the Federal Reserve to give the economy a shot in the arm.
The coronavirus is hitting the stock market hard as the economy is being undermined by closings across the country from professional sporting events to restaurants and stores.