US stocks suffer second straight rout on coronavirus fears

US stocks suffer second straight rout on coronavirus fears

Channel NewsAsia - Business·2020-02-26 06:07

Traders work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

NEW YORK: Wall Street stocks suffered a second straight rout on Tuesday (Feb 25), with losses picking up after US health officials warned the coronavirus was likely to hit the world's biggest economy.

The Dow Jones Industrial Average plunged 879.44 points (3.15 per cent) to 27,081.36.

The broad-based S&P 500 sank 97.68 points (3.03 per cent) to 3,128.21, while the tech-rich Nasdaq Composite Index lost 255.67 points (2.77 per cent) to 8,965.61.

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