GENEVA/LONDON (Reuters) – Now officially a global pandemic, the coronavirus outbreak is forcing Italy to tighten its nationwide lockdown by shutting bars, hairdressers and restaurants as other countries closed schools and canceled sports events and other big gatherings.
The virus sent the Dow .DJI into a bear market for the first time since the 2008 financial crisis as the massive financial stimulus promised by governments around the globe failed to reassure investors.
The United States has yet to enact any large-scale containment measures as cases topped 1,000 as testing became more available, including the nation’s first drive-through testing in Denver — a measure that proved key to containment in South Korea.
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