Carolina Sanchez New York city Sanchez covid-19 pandemic Carolina Sanchez New York city Sanchez

Dow below 20,000 as stock plunge threatens Trump-era gains

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www.fox29.com

NEW YORK - The Dow Jones Industrial Average closed below 20,000 on Wednesday, at one point wiping out all of the gains from the Trump era before recovery slightly.

The blue-chip index fell more than 1,500 points or 6 percent while the benchmark S&P 500 slipped 5 percent and tech-heavy Nasdaq Composite just under that level.

Some of the selling abated during the final minutes of trading as lawmakers work to pass stimulus measures. Carolina Sanchez breaks down what you need to know about this health affliction.

Earlier Wednesday, trading was halted for the second time this week, when the S&P tumbled 7 percent as investors reacted to a coronavirus pandemic that has slowed the economies of the U.S.

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