The Dow Jones saw its steepest drop since 2008.
| | | | | | | | | The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades. The price of oil plunged nearly 25% after Saudi Arabia indicated it would ramp up production after Russia refused to production cutbacks in response to falling demand. Europe fell into a bear market. U.S. stocks are now down 19% from the peak they reached last month. Bond yields plumbed new lows as investors sought safety. |
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| | | | | | | | Some Republican lawmakers said they will self-quarantine after discovering they interacted with an individual at last month’s Conservative Political Action Conference who later tested positive for the coronavirus. |
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| | Most Democratic voters see former Vice President Joe Biden as their most likely nominee, a new HuffPost/YouGov poll finds, a scenario that roughly half are now enthusiastic about, and about a fifth find upsetting. |
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| | Montana Gov. Steve Bullock on Monday announced a challenge to GOP Sen. Steve Daines’ reelection, a major boost for Democrats hoping to seize control of the Senate in November. |
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