Coronavirus: Dow falls 600 points to start second quarter as anxiety grows

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NEW YORK (REUTERS) - The Dow Jones fell 600 points on Wednesday (April 1) as investors fled to safe-haven assets after new orders for US-made goods plunged to an 11-year low and the White House issued a dire warning on the US death toll from the coronavirus pandemic.. Read more at straitstimes.com.

NEW YORK - The Dow Jones fell 600 points on Wednesday as investors fled to safe-haven assets after new orders for US-made goods plunged to an 11-year low and the White House issued a dire warning on the US death toll from the coronavirus pandemic.

Companies on the benchmark index have lost about US$6.3 trillion in market value so far this year, even as major governments and central banks have announced trillions of dollars in measures to thwart a global recession. Consumer staples stocks, utilities and real estate, which are considered stable during times of extreme volatility, also fell between 1 per cent and 7 per cent.

 

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