Financial markets tumbled amid mounting investor concern about the economic fallout from the coronavirus outbreak, which health officials officially declared a pandemic. The Dow slipped into “bear” territory, meaning it has fallen more than 20% from its all-time high in February. The Dow plunged 1,465 points, or 5.7%, to 23,553 on Wednesday. The broad-based S&P 500-stock index fell 4.9%, and the tech-heavy Nasdaq composite sank 4.7%. The declines erased Tuesday’s sharp gains, when investors boosted stocks in hopes of a proposed stimulus package from the Trump administration.The World Health Organization on Wednesday said the coronavirus spreading around the globe can now be characterized as a pandemic. WHO Director Dr. Tedros Adhanom Ghebreyesus said the WHO is “deeply concerned by the alarming levels of spread and severity” of the outbreak.  Economists are warning of a possible recession in 2020 due to the virus, causing investors to flee stocks for less risky assets like bonds and gold. The stock market has suffered through three weeks of volatile trading as investors assess the widening impact of the coronavirus, which has spread to 1,000 cases in the U.S. as of Wednesday. “U.S. recession risks are on the rise,” Gregory Daco of Oxford Economics told investors. “Exacerbating


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