https://www.cnbc.com/2020/03/20/stock-market-live-today.htmlIt was one of the wildest weeks on Wall Street ever and the worst stock performance since the financial crisis. Here’s what happened:
4:40 pm: Former White House economic advisor Gary Cohn says US needs to help workers
Gary Cohn, the former White House economic advisor and Goldman Sachs executive, told CNBC that the U.S. needs to quickly come to the aid of its labor force: “We need to bailout American workers right now.†Cohn said the U.S. is “in recession,†adding that “we’ve got a big issue on our hands.†- Sheetz
4:34 pm: S&P 500 bear market deepens
4:20 pm: Dow at lowest point since December 2016
The Dow’s close at 19,173 points marked its lowest level since December 2, 2016. In just this past week the Dow lost more than 4,000 points, making this its worst weekly point loss ever. On a percentage basis, March is set to be the worst month since September 1931 as the Dow has dropped more than 24%. Finally, all 11 sectors in the S&P 500 are now more than 20% below their respective 52-week highs, a drop that analysts define as a bear market. - Sheetz, Francolla
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