U.S. Stocks Drop at Opening on Coronavirus Fears

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U.S. Stocks Drop at Opening on Coronavirus Fears
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The Dow industrials fell more than 500 points as concerns mounted over the viral outbreak in China and its potential economic impact

U.S. stock indexes fell at Monday’s opening on concerns about China’s viral outbreak, as the detection of infected patients in the U.S., Australia and France led to escalating concerns about its containment and potential economic impact.

The Dow Jones Industrial Average was down 427 points, or 1.47%. The S&P 500 fell 52 points, or 1.57%, and the Nasdaq Composite was down 197 points, or 2.11%. In Europe, the Stoxx Europe 600 retreated 2.2%, led by declines in the U.K. and France. The Chinese yuan slumped 0.8% against the...

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