U.S. stock futures and global equities fall sharply after President Trump warned on the scale of the toll America could face from the coronavirus
Global stocks fell Wednesday after President Trump issued a stark new warning on the spread of the novel coronavirus in the U.S., reviving concerns about the potential damage to the world’s largest economy.
Futures tied to the Dow Jones Industrial Average dropped 3.4%, suggesting that blue-chip stocks will decline a day after U.S. equities closed out their worst quarter since the financial crisis. European stocks also fell, with the pan-continental Stoxx Europe 600 index retreating 3.3%.
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