NOT GOOD

Stock Market Slides Amid Fears Coronavirus Outbreak Could Get Worse

The Dow and the S&P 500 both fell more than 3 percent Wednesday morning.

The stock market dropped more than 800 points on Wednesday following warnings from the White House that the coronavirus pandemic in the U.S. could get worse over the next few weeks. At noon ET, the Dow Jones Industrial Average was off 815 points—or 3.8 percent. The S&P 500 similarly slid by 3.6 percent while the Nasdaq was off about 3 percent. In a Tuesday press conference, President Trump said the U.S. should be preparing for a “very, very painful two weeks” in the COVID-19 outbreak—with administration officials projecting as many as 240,000 deaths in a best-case scenario. “This is going to be a rough two-week period,” he said. “When you look at... the kind of death that has been caused by this invisible enemy, it’s incredible.”