Dow drops 1,500 points as oil price plunge shocks markets
NEW YORK — Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus.The most violent drops came from the oil markets, where prices cratered more than 20%. But moves in stocks and bond yields were nearly as breathtaking. In the United States, the S&P 500 plunged 7% in the first few minutes of trading, and losses were so sharp that trading was halted.The Dow Jones Industrial […]
