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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks plunged again Wednesday as the economic toll from the coronavirus mounts and analysts warn of a deep recession. The Dow Jones Industrial Average tumbled 6.3 percent, or more than 1,300 points, to close the day at 19,898.92, its first close below 20,000 since 2017. The broad-based S&P 500 dropped 5.2 percent to finish at 2,398.10, while the tech-rich Nasdaq Composite Index tumbled 4.7 percent to 6,989.84. The Dow fell as much as 10 percent during the early afternoon, but stocks rallied somewhat near the end of the session as the US Senate passed a $100 billion emergency package for free coronavirus testing, sick pay and other benefits related to the crisis. Economists are slashing their forecasts as more sectors shut down. A note from JPMorgan Chase projected US activity would shrink 14 percent in the second quarter, while Europe's output would plunge 22 percent. "These outcomes are worse than were recorded during the global financial crisis or the European sovereign crisis," the note said of the second quarter. Petroleum-linked shares suffered an especially brutal round as US oil prices plunged 24 percent to $20.37 a barrel, its lowest price since 2002 on a demand outlook that worsens by the day. US automakers were another hard-hit industry, with General Motors losing 17.3 percent and Ford 10.2 percent as the "Big Three" shuttered their American production plants because of the virus. Simon Property Group, a giant in the shopping mall industry, plunged 23.7 percent as it announced that it would close all of its shopping malls through March 29 due to the virus. jmb/cs
schema:headline	Dow falls 6.3% in latest US stocks rout
schema:mentions	Simon Barlow Big Three television networks S&P 500 Index JPMorgan Chase Great Recession Dow Jones Industrial Average Shopping mall Barrel General Motors Recession Ford Motor Company United States Senate European Union Virus United States Coronavirus 1980s oil glut NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	56 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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