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Wall St. pulls back from records on worries about virus outbreak and global growth

Published 01/21/2020, 04:08 PM
Updated 01/21/2020, 04:08 PM
© Reuters. Traders work on the floor at the NYSE in New York

© Reuters. Traders work on the floor at the NYSE in New York

(Reuters) - Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast.

© Reuters. Traders work on the floor at the NYSE in New York

The Dow Jones Industrial Average (DJI) fell 151.25 points, or 0.52%, to 29,196.85, the S&P 500 (SPX) lost 8.75 points, or 0.26%, to 3,320.87 and the Nasdaq Composite (IXIC) dropped 18.14 points, or 0.19%, to 9,370.81.

Latest comments

It would appear the only thing Trump got from the Chinese in his Phase 1 trade agreement was the coronavirus. It would be a real shame if it made its way to the White House....
yes 6 chinnese people die of a virus and sp500 is weak due it??? ... they are not even trying anymore!
the problem is ebola did the same but on slower pace but it did change fast
Just an excuse to sell off an over bought market. There are still some good values out there but they are getting harder to find.
lol, yeah, Wall Street cares about virus in China...
Yes, because Asia is one of the biggest economies in the world buddy...
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