US states under stay-at-home orders, stocks tank

[ad_1]

Residents across three states were expected to be under stay-at-home orders this weekend as health officials nationwide seek to slow the community spread of COVID-19.

Illinois plans to require residents to stay home as much as possible, aside from meeting their basic needs, starting Saturday evening. New York plans to ban all nonessential travel beginning Sunday evening. And California started Friday. Connecticut and Oregon were preparing to do the same.

There are at least 260 deaths and over 19,600 confirmed cases in the U.S. Worldwide, the death toll has topped 11,400, with 4,032 deaths in Italy, the country that has witnessed the most deaths. There are more than 275,400 confirmed cases around the globe, according to the Johns Hopkins University data dashboard.

Our live blog on the coronavirus is being updated throughout the day. Refresh for the latest news. More headlines:

Stocks post worst week since financial crisis 

U.S. stocks dropped Friday, capping their worst week since the height of the financial crisis as investors remained jittery about the direction of the economy despite hopes for government and central bank action to combat the coronavirus pandemic. 

The Dow Jones industrial average tumbled 913.21 points to close at 19,173.98, falling back below 20,000 after wild price swings over the past week. The Standard & Poor’s 500 fell 4.3% to end at 2,304.92. The Nasdaq Composite lost 3.8% to close at 6,879.52.

[ad_2]

Source link Google News