As Coronavirus Spreads, U.S. Looks to New Tools to Fight Fallout

Ali Corbett

The U.S. escalated its reaction to the coronavirus pandemic as escalating shutdowns improved fears of financial fallout, pushing the inventory marketplace to ranges not viewed because 2017.

The Dow Jones Industrial Average fell beneath 20,000 Wednesday—a demonstrable transform amid marketplace turmoil as providers and buyers geared up for a prolonged financial stall. President Trump said Wednesday the White Residence would be invoking the Protection Manufacturing Act, “just in circumstance we need it.” That act, initially handed for the duration of the Korean War, provides the president…

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