Dow plunges 1,500 points despite promises for virus aid

Home Depot closing at 6 p.m. local time due to COVID-19

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U.S. stocks dropped sharply Wednesday as coronavirus lockdowns and travel restrictions expanded, rattling investors despite Washington’s promises for economic aid.

The Dow Jones industrial average tumbled 1,500 points, on track to erase Tuesday’s gains after it jumped 1,048.86 points. The Standard & Poor’s 500 sank 6.3%. Stocks had stabilized a day earlier after President Donald Trump promised aid to get the U.S. economy through the outbreak.

Global markets have seen a wave of unprecedented volatility in recent weeks as investors grapple with border closures that have caused transportation chaos and imperiled economies. The border between Canada and the U.S. will close for non-essential travel, Trump confirmed in a tweet Wednesday. 

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