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Stocks slide as coronavirus slams US economy with historic declines in retail sales, manufacturing

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If you are struggling with finances during the pandemic, these tips may be helpful. NEW YORK - U.S. equity markets slid Wednesday as the reality of the coronavirus hit home after economic indicators showed mounting damage from the pandemic and big banks fortified their balance sheets against loan defaults by hard-hit consumers and small businesses. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The Dow Jones Industrial Average dropped over 445 points or 1.86 percent after falling as much as 716.

While the S&P 500 fell 2.20 percent and Nasdaq Composite 1.4 percent. The selling snapped a four-day winning streak for the Nasdaq that lifted it out of bear-market territory on Tuesday.

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