Coronavirus infects Wall Street; stocks plunge
Added 02-24-20 06:22:02pm EST - “The coronavirus from China infected Wall Street Monday, as U.S. stocks took a beating Monday amid fears the outbreak that hobbled the world's No. 2 economy would carve through Europe and make South Korea's economic engine seize up,…” - Washingtontimes.com
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The coronavirus from China infected Wall Street Monday, as U.S. stocks took a beating Monday amid fears the outbreak that hobbled the world’s No. 2 economy would carve through Europe and make South Korea’s economic engine seize up, too.
The Dow Jones Industrial Average plummeted 1,000 points, its biggest drop in two years, while the S&P 500 and Nasdaq 100 had slid over 3% at closing.
Airline and technology stocks were hit hard, as travel restrictions and limits on China’s output begin to catch up to key sectors. Chipmakers and resort operators also slid, as did U.S. casino operators, some of which do business in Macau — the Chinese gambling mecca that shut down for two weeks because of fears around the virus.
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President Trump, who’d been boasting about stock-market records in an election year, said he isn’t worried.
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