Wild swings in U.S. markets — mostly declines — are becoming the new normal during the coronavirus pandemicMarch 12, 2020, 9:03 PM5 min read Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it’s doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying home, public events that raise millions of dollars for local communities have been canceled and oil prices have sunk to near $30 a barrel. Here’s a look at some of the hardest hit sectors in the S&P 500, and how far they’ve fallen in the past 30 days. ENERGY (-47%) The S&P energy sector has plunged more 47% in the past month. The price of oil continues a steady decline toward $30 per barrel. Saudi Arabia on Wednesday directed its oil company Aramco to increase its maximum production capacity as it squared off with Russia, even as airlines cut flights, shippers dial back deliveries of goods and people are being told to stay home. In its monthly report Wednesday, OPEC revised down its projections for global oil demand growth this


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