US: Stocks join global rout on virus, Dow ends -3.6%

Wall Street stocks finished with steep losses on Monday, joining a global rout as worries mounted that the new coronavirus will derail economic growth.[NEW YORK] Wall Street stocks finished with steep losses on Monday, joining a global rout as worries mounted that the new coronavirus will derail economic growth.

The benchmark Dow Jones Industrial Average plunged 3.6 per cent to 27,960.80, a drop of more than 1,000 points and the biggest loss in a session in more than two years. The broad-based S&P 500 slumped 3.4 per cent to 3,225.89, while the tech-rich Nasdaq Composite Index tumbled 3.7 per cent to 9,221.28.

The selloff left all 11 industrial sectors in the red, with energy and technology shares suffering the biggest losses. Airlines and other travel-oriented stocks were also hammered. Analysts attributed the ugly session to news that the coronavirus had spread over the weekend more rapidly outside of China. Italy has locked down 11 towns and South Korea ordered all 2.5 million residents of the city of Daegu to remain indoors.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

US: Stocks join global rout on coronavirus fearsRead more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »

South Korea: Stocks shed 4% as spreading virus darkens growth outlookRead more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »

Singapore stocks decline at Monday's open; STI down 0.6%Singapore stocks decline at Monday's open; STI down 0.6%
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »