The response to the coronavirus pandemic in the U.S. sank the S&P 500 on Friday, March 20, 2020, where after having been flat for most the day, the deteriorating outlook for the U.S. economy was aided by New York Governor Andrew Cuomo's order to close non-essential businesses and for New York residents to stay at home, rattling traders and investors. The S&P 500 went on to close the day at 2,304.92.
The action is significant because with California having ordered its residents to stay at home on Thursday evening, the statewide economy shutdowns will effectively