The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
This is the third reported positive test for COVID-19 in Indiana, and the second in Hendricks County.
The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Indianapolis-based Lilly, the 12th largest employer in Indiana with 10,600 workers in the state, said it didn’t have a specific timeline for how long the precaution would last.
The patient is from Hendricks County and attended a BioGenconference in Boston, where numerous other cases of COVID-19 have been reported.
A conference and trade show that was expected to draw nearly 10,000 people to Indianapolis is the first local convention to be postponed or called off due to the virus.
Tracking down who might have come into contact with the first patient to test positive will require plenty of legwork, and more cases are sure to arise, officials said.
Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many are rethinking that optimism as swathes of Chinese factories stay shut and workers idled.
Gov. Eric Holcomb said that in response he has declared a public health emergency so the state can seek federal funding to help control and stop any spread of the coronavirus.
After announcing that Indiana has confirmed its first case of COVID-19, state health officials released information about how coronaviruses are spread and how to protect yourself.
CourseNetworking, an Indianapolis-based maker of distance learning and collaborations software, and the IUPUI CyberLab are offering a free solution for schools through their Learning Management System.
Halted travel and a broader economic downturn linked to the outbreak of the novel coronavirus threaten to hit already-struggling communities for months to come.
A range of job market barometers will provide some of the most vital signals about the economy in the coming weeks and months.
Officials say no events have been canceled locally, but groups—including the NCAA and Visit Indy—are watching the news and weighing their options.
The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to affect tourism and disrupt manufacturing chains in parts of the United States.
U.S. stock markets surged Wednesday after Joe Biden’s Super Tuesday performance made a victory by Sen. Bernie Sanders less likely. Health care stocks soared.
Health care stocks led the market’s spurt Wednesday after a strong performance by Joe Biden on Super Tuesday. Among the biggest gainers was Indianapolis-based health insurer Anthem Inc., with a stock surge of 13.4%.
The cancellations and travel restrictions are a major blow to business travel, which makes up around 26% of the total travel spending. The Global Business Travel Association estimates the virus is costing the business travel industry $47 billion per month.
The legislation came together unusually quickly, a rarity in a deeply polarized Washington. It triples the $2.5 billion plan unveiled by President Donald Trump just last week.
An advocacy group for college athletes has urged the Indianapolis-based NCAA to consider holding its winter sports championships with no fans, and the idea has not been dismissed out of hand.
