Dow tumbles more than 500 points as COVID-19 shutdown slams economy

Stocks fell sharply on Wednesday as the COVID-19 shutdown slams the economy. Dismal economic data and weak bank earnings fueled concerns over the coronavirus’ impact on the U.S. economy.
Fred Imbert and Maggie Fitzgerald for CNBC:The Dow Jones Industrial Average dropped 530 points at the open, or 2.2%. The S&P 500 slid 2.3% while the Nasdaq Composite traded 1.9% lower.Retail sales during the month of March plunged a record 8.7%, according to a report from the Commerce Department publis