U.S. Dow Drops Over 2,000 Points in Worst Day Since 2008

The U.S. Dow experienced one of it’s worst days in over ten years after it fell more than 2,000 points and impacted economies worldwide. The dramatic drop forced the stock exchange to temporarily halt trading for fifteen minutes. The New York Federal Reserve was then forced to pump over 50 billion dollars in extra cash into the financial system in order to ease fears over a potential worldwide economic crash. The Dow has since risen by 1,000 points but all this instability in the economy has caused even more panic over the affects the coronavirus could have globally. This recent plummet in the stock market and price of oil has forced the Federal Reserve to seriously consider how their employees would operate from home amid a full on outbreak. President Trump is set to give a public announcement later today discussing his plans to stimulate the economy again, which includes pushing payroll tax cuts and possible relief options for hourly workers.