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Dow Drops 500 Points on Global Growth Concerns

Posted on AllSides January 31st, 2020
From The Center

Fresh economic data and the viral outbreak in China fanned worries about global growth, weighing on stocks around the world to end the week.

The Dow Jones Industrial Average dropped 521 points, or 1.8%. The S&P 500 slipped 1.6% and the tech-heavy Nasdaq Composite fell 1.4%.

The World Health Organization on Thursday declared the coronavirus—which has now sickened more than 9,500 people and killed over 200—a public-health emergency of international concern. Although the move highlighted the risk the outbreak posed globally, the WHO stopped short of recommending restrictions on travel...

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