Breaking: Wall Street Tumbles on Virus Fears at Open; Dow Down 450 Points

By Geoffrey Smith

Investing.com — U.S. stock markets fell to their lowest in over three weeks at the opening Monday, as growing fears about the impact of the coronavirus outbreak on China’s economy – and the world’s – sent a wave of risk-aversion rippling through the financial system.

By 9:37 AM ET, the was down 446 points, or 1.1% at 28,544 points. The S&P 500 was down 48 points, also a drop of 1.5%, while the was down 1.9%.

At the same time, yields on safe-haven Treasury bonds plummeted. The benchmark yield fell seven basis points to 1.61%, its lowest since early October. It’s now down 21 basis points in the last week. also rallied.

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