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US stocks down more than 1% due to concerns over China virus

UNITED STATES (OBSERVATORY NEWS) — US stocks opened more than 1 percent lower on Monday, on concerns about the financial implications of a rapidly spreading coronavirus in China.

The Dow Jones industrial average fell 447.24 points, or 1.54 percent, to 28542.49 points, and the S&P 500 index opened 48.31 points, or 1.47 percent, to record 3247.16 points, and the Nasdaq Composite Index fell 222.45 points, or 2.39 percent to 9092.46 points.

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