Breaking: Dow Drops 960 Points at Open Over Fears of Coronavirus
The Dow Jones erased all gains for 2020 at its open on Monday over fears of the spread of the coronavirus.
The stock market was down 3.12% when it opened on Monday.
Over the weekend there were major outbreaks of the coronavirus reported in South Korea, Italy and Iran.
The virus is spreading.
Six nations banned people crossing the border from Iran in an attempt to cut off the spread of the deadly virus.
There are at least 600 cases reported in South Korea.
—With more than 600 coronavirus cases in South Korea, President Moon Jae-in empowered the government to limit travel
—Iran, saying 8 have died, closed schools across 14 provinces
—Cases rise to 132 in Italy as several towns are on lockdown
— The New York Times (@nytimes) February 23, 2020
— 𝕋𝕙𝕚𝕖𝕣𝕣𝕪 𝕁. 𝔽. 𝕋𝕙𝕠𝕟𝕟𝕒𝕥𝕥𝕖 (@ThierryJFT) February 23, 2020