Traders working through the closing minutes of trading yesterday on the New York Stock Exchange floor. Fuelled by deepening concerns of Covid-19 becoming a global pandemic, the stock market plunged yesterday, with the Dow Jones Industrial Average losing almost 900 points. – AFP pic, February 26, 2020.
US and European stocks suffered another rout yesterday as the coronavirus continued to spread and public health officials warned of the increasing likelihood of a global pandemic. Bourses in Europe and the US had initially climbed following Monday’s rout, but the bargain-hunting quickly gave way to selling, with losses on Wall Street accelerating after American public health officials warned the coronavirus was likely to hit the world’s biggest economy.
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