US: Stocks join global rout on coronavirus fears

About 10 minutes into trading, the benchmark Dow Jones Industrial Average stood at 28,191.85, down 2.8 per cent or around 800 points.[NEW YORK] Wall Street stocks plunged in early trading Monday, joining a global equity selloff on mounting worries that the spread of the new coronavirus will derail global growth.

About 10 minutes into trading, the benchmark Dow Jones Industrial Average stood at 28,191.85, down 2.8 per cent or around 800 points. The broad-based S&P 500 dove 2.6 per cent to 3,252.23, while the tech-rich Nasdaq Composite Index sank 3.1 per cent to 9,282.16. Losses were widespread with the technology, financial and energy sectors all down significantly as news of additional infections in Europe, the Middle East and Asia triggered more drastic efforts to stop people from travelling.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stocks decline at Monday's open; STI down 0.6%Singapore stocks decline at Monday's open; STI down 0.6%
Source: BusinessTimes - 🏆 15. / 51 Read more »

Rising stocks fuel record profit for Buffett's Berkshire; operating profit disappointsWarren Buffett's Berkshire Hathaway Inc on Saturday posted a 23per cent decrease in quarterly operating profit, while soaring prices in stock ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stocks to watch: ST Engg, SPH, CapitaLand, Raffles Medical, Wing Tai, Hong Leong AsiaStocks to watch: ST Engg, SPH, CapitaLand, Raffles Medical, Wing Tai, Hong Leong Asia
Source: BusinessTimes - 🏆 15. / 51 Read more »

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