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CORONAVIRUS IN THE NEWS: March 12 12:09 p.m.


Dow trades 9% lower and S&P 500 and Nasdaq tumble into bear market
MarketWatch: U.S. stocks headed sharply lower today, triggering circuit breakers early in the session that temporarily halted trading for the second time in this week, as the S&P 500 index and Nasdaq Composite looked likely to join the Dow in ending a record-setting, 11-year long bull market. The latest slump in stock prices followed President Donald Trump’s address to the nation on the coronavirus epidemic Wednesday night in which he announced restrictions on foreign nationals entering the U.S. from Europe as well as other measures to support small businesses affected by the virus. At midday, the Dow Jones industrial average was down 9 percent and the S&P 500 was down 5.5%.  

– Airline crisis deepens as U.S. puts Europeans in coronavirus quarantine (Reuters)
– Princess Cruises cancels all trips for two months (Wall Street Journal)
– Oil falls 6% after Trump surprises with travel ban (Reuters)
– NBA suspends season after player tests positive for coronavirus (New York Times)
– March Madness 2020 will be played without fans because of coronavirus (New York Post)

– Big Ten, Big 12, others cancel conference tournaments (ESPN)

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