The Guardian: Global markets tumble for second day amid fears of coronavirus spread
Dow Jones lost 877 or 3.1%, the tech-heavy Nasdaq dropped 2.7% and the S&P 500 fell 3% following similar losses across the Atlantic
Investors sold off shares across the world for a second day on Tuesday as fears of the economic impact of the coronavirus continued to grow.
In New York the major markets experienced their biggest drop in two years amid fears that the growing virus outbreak will put the brakes on the global economy and more companies warned the outbreak will hurt their finances.
The Dow Jones lost 877 or 3.1%, the tech-heavy Nasdaq dropped 2.7% and the S&P 500 fell 3% following similar losses across the Atlantic.
In London the FTSE 100 index closed at its lowest level in a year, down 1.9% at 7,018, lowering the value of Britain’s blue-chip companies by about £35bn and contributing to a two-day loss of nearly £100bn. Germany’s Dax fell 1.8% and in France the CAC fell 1.94%.
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