As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NBCNews.com:
Wall Street plunged at Monday’s opening bell after a spike in the number of reported cases of coronavirus fueled fears that the epidemic would have a serious impact on global economic growth.
The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily drop since August.
The article goes on to state the following:
Travel-related stocks continued to take heavy hits as the epidemic restricted movement and discouraged vacationers, with Delta Air Lines and American Airlines falling by 5 percent. Casino operators Wynn Resorts and MGM Resorts each tumbled by around 4 percent.
JUST IN: Dow down 900 points on fears coronavirus will impact global economic growth. https://t.co/bbmgH6vyik
— NBC News (@NBCNews) February 24, 2020
To get more information about this article, please visit NBCNews.com.