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U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump's 2017 inauguration, as the widening repercussions of the coronavirus pandemic threatened to cripple economic activity.

As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once sizeable gains it made under U.S. President Donald Trump.

U.S. restaurants on Wednesday asked the White House and congressional leaders for at least $455 billion in aid to help them weather the coronavirus crisis, saying the industry could shed nearly half of its 15.6 million jobs and a quarter of annual sales.

Nissan Motor Co said Wednesday it will temporarily suspend production at its U.S. manufacturing to boost containment efforts around the COVID-19 coronavirus.

Billionaire investor William Ackman, who has long worried about risks posed by the coronavirus, called on the Trump administration on Wednesday to seal off the country for 30 days and said stocks would "soar" if such restrictions were imposed.

General Motors Co confirmed on Wednesday it is considering how it could support production of medical equipment like ventilators that may be needed to combat the coronavirus outbreak.

Air Canada said on Wednesday it would gradually suspend the majority of its international and U.S. trans-borderflights by March 31 in response to the coronavirus crisis.

Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednesday at about 52 cents on the dollar, two sources said.

German fashion house Hugo Boss on Wednesday scrapped the outlook it gave for 2020 results less than two weeks ago and took action to protect its cash balance, suspending store renovations and new openings and limiting the inflow of stock.

The Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. airlines to address the financial impact of the coronavirus, according to a document seen by Reuters.

Tesla Inc is preparing to reduce staffing by about 75% at its lone U.S. assembly plant after initially resisting an order from the local sheriff, Bloomberg News reported on Wednesday, citing a county spokesman.

U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as repercussions of the coronavirus pandemic threatened to cripple economic activity.

U.S. hotel operator Marriott International Inc said on Wednesday it was withdrawing its 2020 financial outlook as cancellations mount due to the coronavirus outbreak.

Intercontinental Exchange Inc said the New York Stock Exchange (NYSE) will temporarily close the trading floors and move fully to electronic trading beginning Monday due to the coronavirus outbreak.

Global equities tumbled further on Wednesday, with bond and gold prices also sliding in an unusual tandem, as markets grappled with the scale of government programs aimed at softening the economic shockwave from the coronavirus.

The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.

Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.

Jeweler Pandora A/S said on Wednesday it has temporarily closed all its physical owned- and operated-stores in Italy, Spain, France, Germany and the United States, among other places, in line with government guidelines amidst the coronavirus outbreak.

U.S. stocks deepened their sell-off on Wednesday and the Dow erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as the coronavirus pandemic threatened to cripple U.S. economic activity.

As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once sizeable gains it made under U.S. President Donald Trump.