The governors of New York, New Jersey and Connecticut prohibited all social affairs of at least 50 individuals, and said bars, cafés and rec centers should close Monday at 8 p.m. The U.S. top health spokesperson anticipated the country would require two months to get over the most noticeably terrible of the episode.
The Federal Reserve cut rates to approach zero to dull the monetary effect, and Goldman Sachs Group (NYSE:GS) anticipated the American economy would contract 5% in the subsequent quarter. Carriers cut flights, and an advisor cautioned many could fail by May. U.S. stocks plunged as financial specialists fled chance resources in the midst of the mounting monetary cost.
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