U.S. stock markets are tumbling amid historic declines in retail sales and manufacturing due to the coronavirus shutdown. U.S. equity markets slid Wednesday as two separate economic reports recorded historic plunges and the big banks' earnings showed the firms continued to bolster their balance sheets to protect against future fallout from the COVID-19 pandemic. The Dow Jones Industrial Average plunged 553 points, or 2.3 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 2.26 percent and 1.91 percent, respectively. The selling has the Nasdaq on track to snap a four-day winning streak that lifted it out of bear-market territory on Tuesday. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

More NewslettersUnsubscribePrivacy PolicyContact Us ©2020 Fox News Network, LLC. 1211 Avenue of the Americas, New York, NY, 10036. All Rights Reserved. Privacy Policy Fox Business never sends unsolicited email. You received this email because you requested a subscription to Fox Business Breaking News Alerts from FoxBusiness.com