New York — Stocks sank Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. The Dow lost more nearly 1,000 points, or 4.4%, to close at 20,943. The S&P 500 stock index and the tech-heavy Nasdaq also closed more than 4% lower. Long-term Treasury yields sank as investors moved into safer investments.”There is a lot of uncertainty,” said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors. “The negative news is really taking over.” President Donald Trump on Tuesday warned Americans to brace for “one of the roughest two or three weeks we’ve ever had in our country.” The White House is projecting that 100,000 to 240,000 people in the U.S. could die from COVID-19.Businesses are shutting down, and people are staying at home in hopes of slowing the spread of the virus. It’s the economic equivalent of putting a patient in a medically induced coma, said Anwiti Bahuguna, head of multi asset strategy at Columbia Threadneedle Investments: “a calculated, temporary risk with the goal of establishing greater longer-term health.” White House warns 100,000 to 240,000 Americans could die in coronavirus pandemic Stocks worldwide have tumbled this year as the


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