Stocks in freefall as Dow drops more than 1000 points in coronavirus chaos – The Sun

THE DOW Jones Industrial Average plummeted over 1,000 points on Friday, as financial markets continue to plummet.

U.S stocks suffered its worst week since October 2008 as uncertainty over the spread of coronavirus threatens to derail the global economy.

The COVID-19 outbreak has been shutting down industrial centers, emptying shops and severely limiting travel all over the world.

More companies are warning investors that their finances will take a hit because of disruptions to supply chains and sales.

Governments are taking increasingly drastic measures as they scramble to contain the virus.

The Dow Jones Industrial Average fell 974 points, or 3.8%, to 24,791 as of 10:11 a.m.

The S&P 500 lost 3.7% and the Nasdaq fell 3.2%. China’s benchmark index fell 3.7% and Germany’s DAX fell 4.1%.

 

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