Dow Jones Industrial Average Plunges As Coronavirus Fears Widen

The Dow Jones Industrial Average plunged for the second straight day, tumbling more than 800 points after health officials warned the novel coronavirus likely will spread throughout communities in the U.S. The Dow, S&P 500 and Nasdaq all had fallen about 3% through early-afternoon trading on Tuesday.  

Losses were widespread, with American Express, Dow Inc., Visa, Boeing and United Technologies Corp. among the worst performers on Tuesday, all falling more than 3%. Tech companies including Apple, which produce goods in China and rely on that market for sales, also suffered. The travel sector, including cruise operators and airlines, also took a hit.

Tuesday’s losses come after the Dow suffered its worst single-day losses in more than two years on Monday, plummeting more than 1,000 points.

Stock market live updates: Dow at session lows, CDC warns, Cramer says don’t buy

Via www.cnbc.com
 

Editorial credit: ymgerman / Shutterstock.com

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