Dow drops 400 points as coronavirus fears rise, travel stocks slide

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☆ World Equity Markets spooked By Wuhan virus

Stocks tanked on Monday after more cases of the coronavirus were confirmed over the weekend, ratcheting up worries over the virus’ impact on the world economy.

The Dow Jones Industrial Average plunged 406 points, or 1.4%, led lower by Nike and American Express. The 30-stock average was down more than 500 points earlier in the day. The S&P 500 dropped 1.4% while the Nasdaq Composite slid 1.8%.