According to Goldman Sachs , no American company would have profit increases in 2020 due to coronavirus .
The same day , a report by Goldman Sachs forecasted that it believes American companies `` will generate no earnings growth in 2020 , '' wiping out an earnings recovery that was expected for the year after `` lackluster profit reports for most of 2019 '' On 27 February , U.S. stocks were on their way to the largest loss for a week since 2008 , and the Dow Jones Industrial Average fell 1190 points in one day .
Socio-economic impact of the 2019–20 coronavirus pandemic