Stocks fell sharply on Monday, with Dow Jones Industrial Average losses reaching 1,000 points. The number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading.
The Dow traded 1,025 points lower, or 3.5%. The S&P 500 slid 3.5% while the Nasdaq Composite traded 3.9% lower. The 30-stock Dow is also negative for 2020.
It was the biggest percentage drop for the S&P 500 since October 2018 and it was the biggest Dow point drop since February 2018. The Dow and S&P 500 also gave up their gains for 2020. – source: CNBC.com
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