Dow drops 900 points as impatient investors wait for White House stimulus package to fight coronavirus impact

Dow drops 900 points as impatient investors wait for White House stimulus package to fight coronavirus impact

US stock indexes slid roughly 3% lower on Wednesday as traders waited for new details on the White House's stimulus plan in response to the coronavirus outbreak.. The decline wiped out most gains made in Tuesday's rebound and continued the trend of heightened market volatility amid the coronavirus outbreak and the new oil-price war .. US stocks slid on Wednesday as investors mulled the timeline for the White House's stimulus measures in response to the coronavirus outbreak .. All three major indexes tanked roughly 3% in early trading, erasing most gains made during Tuesday's rebound .. Markets plummeted at the start of the week as stock investors reacted to the start of an oil-price war.. Goldman Sachs joined other financial giants on Wednesday in revising its S&P 500 earnings estimate lower , citing the growing fallout from the coronavirus outbreak and the new oil-market chaos.. The 11-year bull market "will soon end" as the global economy grapples with escalating risks, but markets should bounce back once the virus can be contained, Goldman said.. The 'bull market will soon end': Goldman Sachs warns shrinking profit growth will end the record 11-year stock rally.