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Coronavirus Crashes Stocks, Causes Quarantines And Cuts Travel

Traders work during the opening bell at the New York Stock Exchange (NYSE) at Wall Street in New York City.
Traders work during the opening bell at the New York Stock Exchange (NYSE) at Wall Street in New York City.

Global markets are in turmoil. New York state is manufacturing its own hand sanitizer. Italy has quarantined an unprecedented number of its own citizens.

COVID-19 has a lot of people worried. The number of confirmed cases stateside has crossed 750. Meanwhile, in Italy, the number of confirmed cases has shot up to 7,350, with the number of deaths rising to at least 360.

American health officials are warning prospective travelers against taking long plane trips and cruises. Those warnings go double for the elderly and those with underlying health issues.

Meanwhile, stocks across the world fell dramatically, as proven by the trends on the Aktienhandel App. England’s FTSE 100 dropped to its lowest point in three years as oil prices on Wall Street crashed by 30 percent.

What does the drop in stock prices mean for the American economy? What efforts are underway to contain the spread of the virus?

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