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Dow confirms bear market
Wall Street tumbles, Dow confirms bear market
Reuters
March 11, 2020 1:12 pm
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 11, 2020. REUTERS/Andrew Kelly
NEW YORK (Reuters) - Wall Street plunged on Wednesday, with the Dow confirming a bear market for the first time since the 2008 financial crisis as the World Health Organization called the coronavirus outbreak a pandemic.
The Dow Jones Industrial Average .DJI fell 1,464.63 points, or 5.85%, to 23,553.53, the S&P 500 .SPX lost 140.84 points, or 4.89%, to 2,741.39 and the Nasdaq Composite .IXIC dropped 392.20 points, or 4.7%, to 7,952.05.
Reporting by Stephen Culp
Some economists see it as the beginning of a global recession
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