REUTERS: The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq hit three-week lows on Monday as a surge in coronavirus cases outside China fueled global growth worries and pushed investors to safer assets.
Last week, Wall Street's main indexes notched record highs, partly on optimism that the global economy would be able to snap back after an initial hit, supported by central banks. The benchmark S&P 500 fell below its 50-day moving average and the blue-chip Dow slipped below its 100-day moving average, all closely watched indicators of momentum.The Dow Jones Industrial Average was down 815.31 points, or 2.81per cent, at 28,177.10, the S&P 500 was down 89.94 points, or 2.69per cent, at 3,247.81. The Nasdaq Composite was down 306.59 points, or 3.20per cent, at 9,270.01.
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