NEW YORK (AP) — Stocks fell sharply on Wall Street, shaving 5.9% off the Dow Jones Industrial Average and bringing the index into a bear market.

The more widely followed S&P 500 is within one percentage point of its own bear market, which would mark the end of one of Wall Street's greatest eras.

Investors are waiting for a more aggressive response from the U.S. government to economic fallout from the coronavirus.

The losses accelerated after health authorities declared the outbreak a pandemic.

Vicious swings like Wednesday’s are becoming routine as investors rush to sell amid uncertainty about how badly the outbreak will hit the economy.

KOWB 1290 logo
Enter your number to get our free mobile app

More From KOWB 1290