REUTERS: Doubts about the fate of the U.S. economy in the face of the coronavirus hammered Wall Street again on Friday, halting its best three-day bounce in almost a century as the number of cases across the country skyrocketed.
The U.S. House of Representatives is widely expected to clear a US$2 trillion economic rescue package after the Senate passed the proposal on Thursday. A record 3 million surge in U.S. weekly jobless claims offered the first glimpse of the extent of the economic hit from the outbreak. At 11:18 a.m. ET the Dow Jones Industrial Average was down 595.76 points, or 2.64per cent, at 21,956.41, the S&P 500 was down 61.81 points, or 2.35per cent, at 2,568.26 and the Nasdaq Composite was down 188.82 points, or 2.42per cent, at 7,608.72.
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