Dow plummets 600 points in worst day since August as coronavirus fears grow
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Summary
Keep Me Logged InStocks fell sharply on Friday, wiping out the Dow Jones Industrial Average's gain for January, as investors grew increasingly worried about the potential economic impact of China's fast-spreading coronavirus.The Dow dropped 603.41 points, or 2.1%, to 28,256.03 in the 30-stock average's worst day since August. More than 70% of the 226 S&P 500 companies that have reported have beaten analyst earnings expectations, FactSet data shows.The major averages saw an uptick in volatility this month as investors grappled with rising tensions between Iran and the U.S., trade worries with China and the recent coronavirus scare.The S&P 500 closed marginally lower for January, snapping a four-month winning streak.
As said here by Fred Imbert