The Guardian: Global markets tumble for second day amid fears of coronavirus spread
Dow Jones lost 877 or 3.1%, the tech-heavy Nasdaq dropped 2.7% and the S&P 500 fell 3% following similar losses across the Atlantic
Investors sold off shares across the world for a second day on Tuesday as fears of the economic impact of the coronavirus continued to grow.
In New York the major markets experienced their biggest drop in two years amid fears that the growing virus outbreak will put the brakes on the global economy and more companies warned the outbreak will hurt their finances.
The Dow Jones lost 877 or 3.1%, the tech-heavy Nasdaq dropped 2.7% and the S&P 500 fell 3% following similar losses across the Atlantic.
In London the FTSE 100 index closed at its lowest level in a year, down 1.9% at 7,018, lowering the value of Britain’s blue-chip companies by about £35bn and contributing to a two-day loss of nearly £100bn. Germany’s Dax fell 1.8% and in France the CAC fell 1.94%.
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More News On Global Stocks And Commodity Prices Plunging For A Second Day Amid Fears That The Coronavirus Is Spreading
Stocks plunge for a second day as the Dow lost more than 800 points on Tuesday -- CNBC
Stocks sink, bonds soar on fears virus will stunt economy -- AP
Wall Street's sell-off deepens as coronavirus fears intensify -- Reuters
Financial markets drop again on coronavirus fears -- BBC
US stock markets nosedives for second consecutive day -- DW
Oil Prices Rise Above $50 On Smaller Than Expected Crude Inventory Build -- OilPrice.com
Oil prices have tanked 12% since coronavirus exploded globally — but key OPEC members swear the alliance will take action to stabilize if needed -- Business Insider
Gold retreats from seven-year high, but virus fears limit losses -- Reuters
Fears of a ‘supply shock’ are rattling stocks and global markets as viral outbreak continues -- CNN
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