When asked by a reporter during a news conference Wednesday, U.S. President Donald Trump attributed the drop in the stock market to both the Democratic presidential field and the spread of the coronavirus.
Global stock markets have slumped in recent days due to worries over a prolonged disruption to supply chains and economies from the virus, which has infected about 80,000 people and killed nearly 3,000, mostly in China.
U.S. stocks turned lower in afternoon trading on Wednesday in a fresh wave of selling sparked by fears of the coronavirus spreading in the United States.
A former Republican voter Robert Clark of Connecticut and a vocal minority within the Republican Party are organizing against President Trump through ad campaigns, fundraising and phone banking efforts in hopes that their break from the GOP will save the republic from the current president. Colette Luke has more.
The Dow and S&P 500 fell on lackluster earnings, election worries and rising COVID-19 cases worldwide, but tech stocks fared better and had positive news after the close when Microsoft topped sales forecasts. Conway G. Gittens has the market action.
President Donald Trump said travelers entering the U.S. from Italy, South Korea and Iran will face new restrictions. According to Reuters, the restrictions are part of the efforts to stop the spreading..