Coronavirus Fears Contributing To Stock Market Falls

The Dow experienced it’s largest one-day point drop in history yesterday. In just two days, a stock market sell-off erased more than $1.5 trillion in wealth and it’s the result of escalating fears over the coronavirus. In fact, many experts say it’s the fear of what’s to come that’s effecting the market more than what is actually happening. With more than 82,000 people infected worldwide and almost 3,000 people killed, the centers for disease control and prevention says the worst has yet to come in the U.S. That warning is likely leading the stock market to experience it’s worst fall since the 2008 financial crisis. President Trump has tried to ease fears over the possibility of a major outbreak. When he spoke during a press conference Wednesday, he downplayed the situation and attempted to assure everyone that the coronavirus would eventually just “disappear”.