The number of confirmed Covid-19 cases in the US
skyrocketed, and the US overtook China to become the country with the most confirmed cases in the world.
The US death toll has passed 1,500 and is expected to rise further as hospitals grapple with equipment shortages.
At the same time, the US significantly ramped up testing, a key element of the strategy to wipe out the virus. But the US still lags behind other nations
in tests conducted per person.
A record number of Americans filed new jobless claims
, a reflection of the economic distress created by closures associated with emergency measures to contain the virus. These latest figures from the Labor Department only account for the first week of Trump’s two-week plan.
These past two weeks were a roller coaster on Wall Street. First, there was massive selloff, followed by a rebound
that made up for some of the losses after Congress moved ahead with a historic $2 trillion relief package. But even with the gains, the markets aren’t looking great: The Dow Jones Industrial Average has lost 24% of its value this year.
As the virus spread, state and local officials ordered residents to stay at home….