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Coronavirus outbreak: Dow Jones tries to rebound from downward spiral over COVID-19 anxiety | LIVE Global News

Live shot from the New York Stock Exchange big board.

The U.S. benchmark S&P 500 stock index fell more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.

Economic data showed U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession.

LIVE market coverage: Thursday, April 2 Yahoo Finance