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Dow plunges over 800 points as coronavirus cases spike outside China

The Dow Jones Industrial Average fell 589.48 points, or 2.03%, at the open to 28,402.93

Reuters 

Dow Jones

The Industrials fell more than 800 points within minutes of the market open on Monday as scurried to safer assets after a surge in cases outside China stoked fears of a bigger impact to global growth.

The benchmark S&P 500 fell below its 50-day moving average, while the blue-chip Dow slipped below its 100-day moving average, all closely watched indicators of momentum.

The Industrial Average fell 589.48 points, or 2.03%, at the open to 28,402.93.

The S&P 500 opened lower by 80.14 points, or 2.40%, at 3,257.61. The Nasdaq Composite dropped 388.15 points, or 4.05%, to 9,188.44 at the opening bell.

First Published: Mon, February 24 2020. 20:28 IST
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