Wall Street opens 1% lower on growing China virus fears

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© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York

(Reuters) – U.S. stocks opened more than 1% lower on Monday, on concerns about the financial fallout of a fast-spreading coronavirus outbreak in China.

The Dow Jones Industrial Average () fell 447.24 points, or 1.54%, at the open to 28,542.49. The S&P 500 () opened lower by 48.31 points, or 1.47%, at 3,247.16. The Nasdaq Composite () dropped 222.45 points, or 2.39%, to 9,092.46 at the opening bell.

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