On March 17, the White House sought a stimulus package ranging anywhere between $850 billion to $1 trillion, to bolster the country’s fight against the coronavirus pandemic.
US markets opened sharply lower on March 18, with the Dow Jones Industrial Average shedding 1,357.68 points or 6.39 percent to open at 19,879.70, while S&P dropped 36.99 points or 5.42 percent to open at 2,392.20.
This comes after the indices were able to recover some ground a day ago. Trading on the US markets was halted thrice this month after key indices hit lower circuit, triggering a 15-minute halt.
On March 17, the White House sought a stimulus package ranging anywhere between $850 billion to $1 trillion, to bolster the country’s fight against the coronavirus pandemic. The Trump administration is mulling ways to cushion the economic impact of the outbreak, the proposed stimulus package being the latest one.
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First Published on Mar 18, 2020 07:06 pm
