What happened to the stock market Wednesday: Stocks dive again


Traders do the job on the flooring at the closing bell of the New York Stock Trade, December 30, 2019.

Bryan R Smith | Reuters

Dow Jones Industrial Ordinary drops 1,338 points

The Dow dropped 1,338.46 factors, or 6.30%, to close at 19,898.92. The S&P 500 slid 5.18% to 2,398.10. The Nasdaq Composite fell 4.7% to 6,989.84

Ackman: ‘Shut it down’

Billionaire investor Invoice Ackman, echoing investor problems, urged President Donald Trump to shut down the region in an effort and hard work to curb the spread. “We have to have to shut it down now. … This is the only reply,” Ackman, founder of Pershing Sq. Money Administration, explained to CNBC’s “Halftime Report” on Wednesday. “The us will finish as we know it. I’m sorry to say so, unless we get this option.” Bottom line, traders want to see drastic measures to have the outbreak before leaping into the market once more.

United Tech and Boeing drag Dow, energy shares tumble

What takes place upcoming?

Weekly jobless statements will be on investors’ radars on Thursday. They are set for launch at 8:30 a.m.

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