Stock Market's 11-Year Bull Market <br />Ends on Coronavirus Upheaval The Dow Jones closed on <br />Wednesday on a near six percent decline. Since the peak on Wall Street <br />a few weeks ago, the Dow is down 20 percent. Fears of a global recession intensified<br />as the World Health Organization <br />declared COVID-19 a pandemic on Wednesday. Before the outbreak intensified <br />just weeks ago, few economists <br />considered a recession remotely plausible. Analysts were quick to <br />point to lawmakers and <br />the Trump administration. Mark Zandi, Moody’s, 'The New York Times' Ian Shepherdson, 'The New York Times' While most agree that slowing <br />the rapid spread of COVID-19 is <br />the definite first priority, economists say that <br />targeted industry stimulus <br />might prevent layoffs. Cash payments might allow <br />hourly wager earners to keep spending <br />even if their hours are cut. According to economists, <br />theses strategies could help <br />stave off a recession.
