CCL - Trump's Coronavirus News Conference on Thursday: 3 Key Things That Investors Should Know
Along with taking a huge toll in terms of human suffering and death, and upending everyday life, the novel coronavirus pandemic has caused extreme turbulence in the stock market. Investors are naturally concerned about the magnitude of the economic fallout from the crisis.
Last week, all the major indexes entered bear market territory – defined as a drop of at least 20% from a recent peak -- ending the 11-year bull market. As of Thursday, the S&P 500 is down 29% from its all-time high reached in mid-February.
President Donald Trump and his coronavirus task force, headed by Vice President Mike Pence, have been holding frequent press briefings on the country's efforts to fight COVID-19, the disease caused by the virus.