Business

Stocks plunge after Trump coronavirus speech spooks investors

By Jay Heflin
Published March 12, 2020 1:36pm ET
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Stocks plunge after Trump coronavirus speech spooks investors
Specialist Thomas McArdle, left, and trader Michael Smyth, center, work on the floor of the New York Stock Exchange. | (Richard Drew/AP)

U.S. stocks plummeted at opening Thursday after President Trump’s speech Wednesday night failed to calm investors’ fears about the coronavirus.

The Dow Jones Industrial Average dropped 7.43%, for a loss of 1,749 points, at opening.

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