Dow plunges 600 points as fears rattle investors

Dow plunges 600 points as fears rattle investors

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January threw stock investors a few curveballs. 

They faced simmering tensions with Iran at the start of the month. Then the market’s mood got a boost in mid-January following a partially resolved trade dispute with China. 

But now a new fear looms: the outbreak of a coronavirus in China that has spread around the world.

The coronavirus has infected almost 10,000 people globally, and  has prompted the World Health Organization to declare the outbreak a global health emergency.

The latest developments sent stocks tumbling Friday. The Dow Jones industrial average plunged 600 points, wiping out its gains for the year.

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The broad losses hit hitting everything from airlines to resort operators to technology companies, with stocks recording their worst January since 2016.

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