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
Trader Michael Capolino works on the floor of the New York Stock Exchange, Monday, Jan. 27, 2020.   (AP Photo/Richard Drew)
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(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.)

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