Dow Plunges 1,000 Points as Coronavirus Cases Outside China Jump
February 24th, 2020Oil down 4.9% at the moment.
Via: USA Today:
Global financial markets were jolted Monday after a significant rise in coronavirus cases outside of China revived concerns about a potential economic fallout from the outbreak.
The Dow Jones industrial average plunged 1,000 points, or 3.3%, erasing its gains for the year. The losses puts the blue-chip average on pace for its biggest one-day drop since February 2018, when inflation fears rattled investors. The Standard & Poor’s 500 slid 3.2%, but is still sitting within 4.7% of its record set on Wednesday. The technology-heavy Nasdaq Composite shed 3.8%.
Related: Oil Slumps, Gold Soars as Coronavirus Outbreak Spreads in Europe
