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Stocks around the world drop on virus concerns, led by China


Added 01-23-20 10:03:02am EST - “US stocks are falling at the start of trading Thursday, following other markets lower as authorities rush to contain a deadly virus outbreak in China. The coronavirus has been confirmed in five countries, and the worry is that its…” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Stocks around the world drop on virus concerns, led by China”. Below is an excerpt from the article.

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NEW YORK (AP) - US stocks are falling at the start of trading Thursday, following other markets lower as authorities rush to contain a deadly virus outbreak in China. The coronavirus has been confirmed in five countries, and the worry is that its spread could hurt tourism and the global economy. Losses were sharpest in Asia, particularly in China. European indexes fell more modestly, and the S&P; 500 lost 19 points, or 0.6%, to 3,302. The Dow Jones Industrial Average fell 210, or 0.7%, to 28,976, and the Nasdaq dropped 48, or 0.5%, to 9,335 The 10-year Treasury yield slumped to 1.72% from 1.77%.

World shares fell Thursday as health authorities around the world rushed to monitor and contain a deadly virus outbreak in China and keep it from spreading globally.

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China and other nations have ramped up screenings for fever on aircraft and at airports. The central Chinese city of Wuhan, where the virus is concentrated, closed down its train station and airport Thursday to prevent people from entering or leaving the city.

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