Type to search

Business General News Investing Stock Market Trending World

Dow skids lower as coronavirus spread rattles Wall Street


U.S. stock benchmarks on Monday fell sharply, with the indexes on track for their worst losses in months, as concern grows over the fallout from China’s coronavirus, with the death toll and number of infected climbing.

The Dow Jones Industrial Average slid 430 points, or 1.5%, to 28,557, following an intraday nadir at 28,440.47, while those for the S&P 500  slid 50 points, or 1.5%, to 3,246, with a Monday low at 3,234.50. The Nasdaq Composite Index  tumbled 174 points, or 1.8%, to 9,141, after hitting a low at 9,088.04.

For the Dow and S&P 500, the daily decline would represent their worst since Oct. 2, and the steepest for the Nasdaq since Aug. 23, according to FactSet data.

Reported by Market Watch

Leave a Comment