Wall Street took a dive during Wednesday's session as growing coronavirus outbreak concerns weighed on investment sentiment, turning a market that was excited for an economic rebound into a market moving money into safer trades. Several stated throughout the southern and western United States continue to top daily records not seen since the beginning of the pandemic's viral spread. Concerns for economic recovery only grew as New York, New Jersey and Connecticut agreed to issue a mandatory 14-day quarantine for visitors traveling from any state with high volumes of new infections.

Here's how the market settled for the mid-week:

S&P 500 Index (SPY  ): -2.58% or -80.83 points to 3,050.46

Dow Jones Industrial Average (DIA  ): -2.71% or -709.06 points to 25,447.04

Nasdaq Composite Index (QQQ  ): -2.19% or -222.20 points to 9,909.17

In Major Stock News, "reopening trade" stocks took a big hit during the market sell off: American Airlines (AAL  ), Carnival (CCL  ), Delta (DAL  ), Gap (GPS  ), Kohl's (KSS  ), Norwegian Cruise (NCLH  ), Royal Caribbean (RCL  ), Simon Property (SPG  ), Southwest (LUV  ), United Airlines (UAL  ). Dell (DELL  ) shares jumped following on reports that it may be exploring options for its majority stake in VMware (VMW  ). Hertz (HTZ  ) also had another rollercoaster session on Wednesday. The stock skyrocketed after Jefferies (JEF  ) noted that CarMax (KMX  ) or AutoNation (AN  ) may be looking to buy the bankrupt car rental company.

In Stock Sector News, every industry posted losses at the end of Wednesday's session as coronavirus fears outweighed any other economic progress. The negative performance declines were as follows: Energy -5.54%, Industrials -3.51%, Financials -3.51%, Materials -2.95%, Real Estate -2.66%, Health Care -2.66%, Communication Services -2.45%, Information Technology -2.29%, Consumer Discretionary -1.98%, Consumer Staples -1.64% and Utilities -0.94%.

In Commodity and Currency News, crude futures dropped sharply on Wednesday as pandemic uncertainty begins to shadow investor sentiment again. West Texas Intermediate (USO  ) slipped almost 6% and Brent Crude (BNO  ) fell over 5% to bring barrel prices to about $38 and $40 each, respectively. Gold (GLD  ) also slipped around 0.4%, bringing the metal's price to about $1,775 per ounce. Finally, the U.S. Dollar (UUP  ) gained some momentum on Wednesday, with the DXY Index increasing almost 0.6%.

For Thursday, weekly jobless claims and durable goods orders data is scheduled to release as well as quarterly earnings from Darden Restaurants (DRI  ), Nike (NKE  ), Rite Aid (RAD  ).