2020-02-24 17:07:02 UTC
US stocks plummeted Monday as the deadly coronavirus spread outside China and
world leaders warned that the outbreak could hamper global economic growth.
The Dow Jones Industrial Average plunged as much as 997.01 points, or 3.4
percent, to 27,995.37 after the markets opened as the virus death toll climbed
above 2,500 in China and spates of cases emerged in countries such as Iran,
Italy and South Korea.
The blue-chip index was recently trading down 846.17, or 2.9 percent, after
losing 227.59 points in a Friday selloff.
The Nasdaq composite plunged as much as 410.58 points, or 4.2 percent, after the
opening bell to trade at a low of 9,166.01. And the S&P 500 lost as much as
106.23 points, or 3.1 percent, to hit a low of 3,231.52.
Fears of secondary infections proliferating outside of China have come home to
roost, sending risk assets in a tailspin and a wave of refuge-seeking into
safe-haven, Tokyo-based Mizuho Bank said in a commentary.