The coronavirus fears are increasing worldwide especially because of Italy and the now fairly sure knowledge that it is going to get worse throughout Europe and the U.S. and other places around the world. We haven't hit the worst yet. So, the Dow is compensating for the loss of business worldwide. many or most big stocks are worldwide in their business interests not just here in the U.S. so the Dow reflects what is actually happening to businesses worldwide.
Businesses especially in the U.S are shutting down to limit liability in the future from suits if they forced people to work worldwide now and you are going to see more and more of this.
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