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Tue, Jan 28th, 2020
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Stocks Settle Sharply Lower as the Chinese Coronavirus Spreads
by cmdtyNewswires - Mon Jan 27, 3:49PM CST
The S&P 500 Index ($SPX) on Monday closed down -1.57%, the Dow Jones Industrials Index ($DOWI) closed down -1.57%, and the Nasdaq 100 Index ($IUXX) closed down -2.07%.
U.S. stock indexes, along with most other global stock markets, fell sharply on Monday with the S&P 500 and Nasdaq 100 Index at 2-1/2 week lows and the Dow Jones Industrials at a 3-week low as the spread of the deadly Chinese coronavirus fueled concern about slower economic growth in China and the world in general.
Concerns intensified over the weekend as the China coronavirus continued to spread. The latest data show 2,744 confirmed cases of the virus and at least 80 deaths. Mainland China accounts for 98% of confirmed global infections but the virus has spread to more than 12 other countries. On Sunday, China announced an extension of its Lunar New Year holiday until Feb 2 from Jan 30 to help battle the spread of the virus.
Energy-producing stocks retreated Monday as Mar WTI crude oil fell -1.94... Read more
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Linda A. Johnson - AP - 2 minutes ago
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Christopher Rugaber - AP - 4 minutes ago
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Kelvin Chan and Danica Kirka - AP - 5 minutes ago
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Associated Press - 1 hour ago Sectors sorted by Daily Weighted Alpha Change
