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Coronavirus worries hit US stocks

UNITED STATES (OBSERVATORY NEWS) — US stocks suffered their worst session in more than three months on Monday, as China extended the Lunar New Year holiday due to a virus outbreak, fueling concerns about the economic impact of efforts to contain the world’s second largest economy.

The Dow Jones industrial average retreated 455.63 points, or 1.57 percent to 28534.1 points. The Standard & Poor’s 500 Index fell 52.02 points, or 1.58 percent, to record 3243.45 points. The Nasdaq Composite Index fell 175.60 points, or 1.89 percent to 9139.31 points.

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