US: Stocks drop more than 4%, extending rout amid coronavirus fears

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Maris Ogg of Tower Bridge Advisors said there were still too many unknowns about the scale of the global outbreak and that"we're not going to know the answer for a while, probably at least two to four weeks."

"It's understandable that not only do you have something to worry about, which we haven't had for a while, but we're also due for a correction," Ms Ogg said. Other large companies, including Apple, Boeing, Microsoft and Procter & Gamble lost more than five per cent.

 

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