Dow plummets almost 1,000 points as spreading coronavirus fears rattle traders
Get the Full StoryGetty Images Drew AngererUS stocks were swept up in a global sell-off on Monday as investors grappled with spreading coronavirus fears.
The Dow Jones industrial average plummeted as much as 997 points or 3.4 in early trading on Monday. The S&P 500 slid 2.5 .
Meanwhile, the Cboe Volatility Index or VIX, widely known as the stock market's fear gauge spiked 40 to levels not seen since August.
The flight out of risk assets and into safe havens sent the US 30-year Treasury yield to a record low, and gold is trading at the most expensive levels all year.
Read more on Business Insider.
US stocks were swept up in a global sell-off on Monday as fears over the spreading coronavirus and its negative economic implications rattled investor nerves.
The Dow Jones industrial average fell more than 997 points in early trading on Tuesday for a 3.4 decline. The S&P 500 tumbled roughly 2.5 , while the tech-heavy Nasdaq Composite index lost 3 .See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:A Wall Street firm lists its 5 best hedges for an unusual coronavirus-driven market crash and shares what to do if it's successfully containedAvoid these 11 stocks being dumped by mega-investors. RBC says they're doomed years for underperformance.BANK OF AMERICA: It's the best time in nearly 40 years to profit from a calm market and these are the 2 best trades to take advantage
Share: