NEW YORK — The deepening coronavirus crisis sent stocks into another alarming slide Thursday, extending a sell-off that has wiped out most of the big run-up on Wall Street since President Donald Trump’s inauguration. The Dow Jones Industrial Average was down nearly 2,000 points, or 8.5%, by midafternoon, while the broader S&P 500 was off 7.9%. European markets lost 12% in one of their worst days in history, even after the European Central Bank pledged to buy more bonds and offer more help for the economy. The heavy losses came amid a cascade of cancellations and shutdowns across the globe — including Trump’s suspension of most travel to the U.S. from Europe — and rising worries that the White House and other authorities around the world can’t or won’t counter the economic damage from the coronavirus pandemic any time soon. “The news just continues to get worse, and the travel ban puts an exclamation point on the weakness we’re going to see in global GDP and, in turn, the U.S.,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “We’re starting to get a sense of how dire the impact on the economy is going to be. Each day


Continue To Full Article