Stocks Tumble as Virus Fears Spark Sell-Off

Dow plunges 453
By Newser Editors and Wire Services
Posted Jan 27, 2020 3:20 PM CST
Stocks Tumble as Virus Fears Spark Sell-Off
Trader Michael Capolino works on the floor of the New York Stock Exchange, Monday, Jan. 27, 2020.   (AP Photo/Richard Drew)

(Newser) – US stocks are closing with sharp losses as investors worry about the potential economic impact of the outbreak of a new virus from China, the AP reports. The declines in the US followed a sell-off in markets in Europe and Japan. The Dow Jones Industrial Average fell 453 points, or 1.6%, to 28,535. The S&P 500 index fell 51 points, or 1.6%, to 3,243. The Nasdaq fell 175 points, or 1.9%, to 9,139. Investors headed for safer holdings. Bond rose and the yield on the 10-year Treasury fell to its lowest level since October. Gold prices also rose. Airlines and resort operators suffered steep losses. (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.