Coronavirus spawns economic pandemic

While this may not yet be a health pandemic, it certainly is turning into an economic one. Monday and Tuesday's slides on the stock market are the worst in two years.

By

Opinion

February 26, 2020 - 10:04 AM

Courtesy photo

Perhaps it was a coincidence, but it seemed a jolt to Wall Street is what has spurred White House officials to take up action against the coronavirus.

On Monday, the stock market dropped by more than 1,000 points in trading, topped by a 900-point slide Tuesday. The sell-offs represent the biggest declines in two years and are attributed to fears of the virus’s economic impact.

On Tuesday, skittery White House officials requested $2.5 billion to help stop the spread of the virus which, it confirmed, is likely to spread across the country. 

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