Dow plunges 10 percent despite Fed lifeline as coronavirus panic grips investors - News Summed Up

Dow plunges 10 percent despite Fed lifeline as coronavirus panic grips investors


Delta’s stock was down more than 13.5 percent in early trading. The Atlanta-based carrier cutting international flights by as much as 25 percent and domestic routes as much as 15 percent. The carrier also is withdrawing its 2020 financial outlook, instituting a hiring freeze and suspending its stock repurchase program. American Airlines was down nearly 15.7 percent in early trading. United Airlines, which has seen a 70 percent plunge in domestic net bookings, was down nearly 16.5 percent in early trading.


Source: Washington Post March 12, 2020 11:34 UTC



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