Alex Veiga and Damian J. Troise, The Associated Press Published 10:04 a.m. ET April 13, 2020 | Updated 5:28 p.m. ET April 13, 2020CLOSE The coronavirus (COVID-19) is impacting the global economy and raising fears of a recession. What causes a recession and what are the signs? USA TODAYU.S. stocks fell on Monday, erasing some of the market’s big gains from last week, as investors braced for a sobering first look at how the coronavirus pandemic has hurt company earnings.The Dow Jones industrial average dropped 328.60 points to close at 23,390.77 on Monday.The Standard & Poor’s 500 fell 1% to end at 2,761.63 after Wall Street closed out its best week in 45 years, thanks to unprecedented efforts by the Federal Reserve to support the economy through the coronavirus crisis.Financial, health care, industrial and technology stocks bore the brunt of the selling on Monday. The pullback followed news over the weekend that OPEC, Russia and other oil-producing nations have agreed to cut output .they are trying to stem a slide in crude prices following a collapse in demand due to the pandemic.This week will bring a slew of first-quarter results from corporations. Those reports will provide clarity on how badly the pandemic is battering business,


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