Stock Market Wrap-Up: Norwegian, Royal Caribbean Lead Cruise Operators Lower

Wall Street had another terrible day on Wednesday, as investors reacted negatively to the official declaration that the COVID-19 coronavirus outbreak had reached pandemic proportions. The news from the World Health Organization wasn't unexpected but still highlighted the severity of the health crisis and made the efforts that federal, state, and local government entities in the U.S. have made thus far look insignificant and ineffective.

Volatility in the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) continued, with the declines bringing major benchmarks ever closer to the 20% overall decline necessary for a bear market to bring an end to the decade-long bull market of the 2010s.

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Source Fool.com