Stocks sank on Wednesday as Wall Street kicked off the second quarter on a sour note thanks to persistent concerns over the spread of the novel coronavirus.

The Dow Jones Industrial Average traded more than 900 points lower, or 4.1%, clinching new session lows around 12:40 p.m. ET. The S&P 500 slid 4.3% while the Nasdaq Composite lost 3.9%.

President Donald Trump said Tuesday evening the U.S. should prepare for a "very, very painful two weeks" from the rampant coronavirus. White House officials are projecting between 100,000 and 240,000 virus deaths in the U.S.

Source : CNBC