(NBC News) – The Dow Jones Industrial Average recorded its steepest points drop ever Monday in a sell-off fueled by fears of the coronavirus and plummeting oil prices.
The down dropped more than 2,000 points, shedding nearly eight percent of its value.
The opening sell-off was so drastic that trading was briefly halted, an automatic safeguard designed to prevent a crash.
Secretary of Health and Human Services Alex Azar, the only White House official to comment on the drop as it was happening, said “President Trump delivered a historically strong economy. The fundamentals in this economy are unbelievable.”
In a series of tweets, President Trump continued to downplay the coronavirus threa, touted falling gas prices as good for the consumer and blamed the “fake news” for the market drop.
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