Stock market live updates: Stocks resume trading, Dow drops 2,000, Ackman says shut down country for 30 days

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Stock losses accelerated in afternoon trading with the Dow dropping 2,128 points for a 10% loss. The S&P 500 dropped 9%, while the Nasdaq was down 8.3%. – Stevens

After a 15-minute halt, stocks are trading again. The Dow is down 1,753 points, or 8.3%, while the S&P 500 and Nasdaq are down 7.3% and 6.7%, respectively. – Stevens

Longtime hedge fund manager Bill Ackman urged President Donald Trump to shut down the country for 30 days to contain the coronavirus, calling it the only option to rescue the economy. “What’s scaring the American people and corporate America now is the gradual roll-out,” Ackman said on CNBC’s “Halftime Report” on Wednesday. “We need to shut it down now… This is the only answer.””If he can save the country from the coronavirus, he will get re-elected,” Ackman said. – Li

Stocks are halted for trading after the S&P 500 dropped 7%, kicking in the level one “circuit breaker.” – Stevens 

Source: https://www.cnbc.com/2020/03/18/stock-market-today-live.html

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