Dow hits worst day since 1987 as coronavirus crisis may last till August

The Dow Jones Industrial Average on Monday ended trading around 3,000 points lower, marking the worst day since the 1987 financial crisis. Major stock averages also extended losses late in the session.

The declines came after U.S. President Donald Trump said the coronavirus crisis in the country could extend into August.

Trump also said the United States “may be” heading into a recession, CNBC reported.