US equities slid on Tuesday as the country’s top economic policymakers sat before Congress to detail their response to the coronavirus pandemic, with companies hard-hit by the crisis leading the declines.
Wall Street’s blue-chip S&P 500 index declined 0.8 per cent while the technology-focused Nasdaq Composite lost 1.1 per cent. The Russell 2000 index of small-cap stocks slumped 3.6 per cent, its worst day in a month.
The declines, which hit the airline and leisure industries acutely, followed news of an intensifying coronavirus crisis in continental Europe. German lawmakers agreed to extend its months-long lockdown to April 18 after a surge in infections on Tuesday.
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