The US stock market has taken a dive amid coronavirus fears with the Dow Jones recording its “worst one-day point drop in history”.
According to smh.com.au:
“At the close, the S&P500 was 4.4 per cent lower, the Dow shed nearly 1200 points, or 4.4 per cent, and the Nasdaq fell by 4.3 per cent. The S&P 500 is on track for its worst week since the GFC.
“It sets up the Australian sharemarket for another day of heavy losses, with futures at 7.55am AEDT pointing to a loss of 143 points, or 2.2 per cent, at the open. On Thursday, the ASX200 recorded its fifth-straight day of falls, losing 0.8 per cent.
According to abcnews.go.com in the US, this week has been the worst for the US stock market since the financial crash in 2008.
The losses mark the worst week for U.S. stocks since the financial crash of 2008. https://t.co/HRZfmtryjY
— ABC News (@ABC) February 27, 2020
