Wall Street’s three major stock indexes fell almost 2% on Tuesday (February 25) as the coronavirus spread further around the world and officials described it as “a rapidly escalating epidemic,” a day after the S&P 500 and the Dow Industrials’s biggest daily decline in two years.
U.S. stocks started the session with an attempt to rebound, but were quickly rebuffed as investors, focused on the potential economic impact of the outbreak, noted it had spread to new countries including Spain and Romania.
All of the S&P’s 11 industry sectors were declining on Tuesday though defensive industries such as consumer staples. SPLRCS, down 0.95%, fell the least while energy was the biggest loser with a 3% dip.
(Production: Aleksandra Michalska)