Global stocks plunge after Trump announces coronavirus response package

This is the best tl;dr I could make, original reduced by 47%. (I'm a bot)

US stock futures and markets around the world slid late Wednesday night as concerns about the economic fallout from the coronavirus pandemic continued to dominate.

Futures for the three major US indexes were down sharply in after-hours trading with S&P 500, Nasdaq, and Dow Jones industrial average futures all down roughly 4%. Futures do not correlate directly with trading during regular hours, but the slides came just hours after the Dow officially fell into bear market territory, meaning the index was down 20% from its recent heights.

The move ended the longest bull market run in history for the index, which started on March 9, 2009.

Global stocks also continued their tumbles with Japan's Nikkei index down more than 4% and the Australian S&P/ASX 200 down more than 6%. China's Shanghai Composite index was looking slightly better, but still off by more than 1%. The drop-off came after President Donald Trump announced several steps the US will take to respond to the coronavirus pandemic.

More than 125,000 people have been infected across the globe and there have been more than 4,500 deaths.

Financial markets have taken a huge hit as the virus continues to spread and more and more countries implement restrictions on travel and day-to-day work.

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