Breaking: Wall Street Plunges Again as CDC Sees ‘Inevitable’ U.S. Virus Spread

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© Reuters. © Reuters. – Stocks plunged for the second session in a row Tuesday as investors fled risk following comments from the Centers for Disease Control and Prevention that the U.S. faced further spread of Covid-19.

  • The dived 3%, or 840 points. The sank 2.8% and the tumbled 2.4%.
  • The CDC said that Americans should prepare for the “inevitable” spread of Covid-19 and that there will be disruptions to everyday lives of Americans. The market shrugged off assertions from White House adviser Larry Kudlow that in the U.S. the virus is contained “pretty much airtight.”
  • The Treasury yield set a new-all time low of 1.307% as money flooded into safe havens like bonds.
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