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Stocks stumble as US coronavirus cases top 200,000

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NEW YORK - For stock investors the second quarter kicked off on a down note as U.S. cases of the coronavirus topped 200,000.

The Dow Jones Industrial Average plunged over 973 points or 4 percent, while the S&P 500 and Nasdaq Composite fell 4.4 percent.

Boston Federal Reserve President Eric Rosengren believes the coronavirus is a ‘Black Swan’ event that will result in two-quarters of negative GDP growth coupled with a 10 percent unemployment rate for several months, a far cry from the current rate of 3.5 percent. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The selling follows the worst first quarter in years after President Trump warned the number of COVID-19 infections is set to surge in the coming

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