BREAKING: Dow sinks more than 800 points in early trading, following global markets lower as virus cases spread beyond Asia.
Trader John Bishop works on the floor of the New York Stock Exchange, Monday, Feb. 24, 2020.Markets are down across Europe and Asia, while futures for U.S. benchmarks have also dropped sharply.
U.S. markets looked set for a sharp drop. The future for the Dow Jones Industrial Average down 2.6% while the S&P 500 future lost 2.7%. Uncertainties are weighing on energy prices as well. Benchmark U.S. crude lost $2.07 or 3.9%, to $51.31 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up $2.86, or 5%, to $55.64 per barrel.
Travel restrictions, business closures and other efforts in China aimed at containing the spread of the virus have begun to disrupt supply chains and sales prospects for Apple and other big companies.
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