-
Markets Plunge, Dow Drops 1,000 Points As Global Coronavirus Outbreak Worsens
U.S. stocks opened sharply lower on Monday following steep drops in European and Asian markets, as the number of coronavirus cases outside of China surged over the weekend, with Italy and South Korea becoming the latest two major economies at risk from the outbreak. • Wall Street plunged to start the week: The Dow Jones industrial average fell over 1,000 points, dropping 3.6%, while the S&P 500 also lost 3.4% and the Nasdaq Composite lost 3.7%. • Stocks plunged on Monday on news that the outbreak has now infected more than 79,000 people globally and killed over 2,600, with Italy, South Korea and Iran emerging as ... (full story)