Dow plunges 600 points as fears rattle investors

Dow plunges 600 points as fears rattle investors

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January threw stock investors a few curveballs. 

They faced simmering tensions with Iran at the start of the month. Then the market’s mood got a boost in mid-January following a partially resolved trade dispute with China. 

But now a new fear looms: the outbreak of a coronavirus in China that has spread around the world.

The coronavirus has infected almost 10,000 people globally, and  has prompted the World Health Organization to declare the outbreak a global health emergency.

The latest developments sent stocks tumbling Friday. The Dow Jones industrial average plunged 600 points, wiping out its gains for the year.

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The broad losses hit hitting everything from airlines to resort operators to technology companies, with stocks recording their worst January since 2016.

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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.