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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished with steep losses on Monday, joining a global rout as worries mounted that the new coronavirus will derail economic growth. The benchmark Dow Jones Industrial Average plunged 3.6 percent to 27,960.80, a drop of more than 1,000 points and the biggest loss in a session in more than two years. The broad-based S&P 500 slumped 3.4 percent to 3,225.89, while the tech-rich Nasdaq Composite Index tumbled 3.7 percent to 9,221.28. The selloff left all 11 industrial sectors in the red, with energy and technology shares suffering the biggest losses. Airlines and other travel-oriented stocks were also hammered. Analysts attributed the ugly session to news that the coronavirus had spread over the weekend more rapidly outside of China. Italy has locked down 11 towns and South Korea ordered all 2.5 million residents of the city of Daegu to remain indoors. "The market reaction is a classic 'sell now and ask questions later,'" said Quincy Krosby, chief market strategist for Prudential Financial. Krosby said the virus has come on the heels of an earnings season in which companies were "remarkably positive" about the outlook, lifting equities to records. "What is the effect on global growth if this continues and, therefore, what is the effect on corporate earnings?" Krosby asked. Several members of the Dow lost almost five percent, including Apple, Exxon Mobil, American Express and Walgreens Boots Alliance. American Airlines plunged 8.5 percent, while Marriott International tumbled 5.9 percent and Booking Holdings 7.1 percent. An exception was Gilead Sciences, which surged 4.6 percent following upbeat comments from a World Health Organization official about the company's remdesivir, an experimental drug to treat the virus. jmb/cs
schema:headline	US stocks join global rout on virus, Dow ends -3.6%
schema:mentions	American Express S&P 500 Index ExxonMobil Wind power by country Marriott International Stock World energy consumption Dow Jones Industrial Average American Airlines Industry Remdesivir Ebola virus disease Apple Inc. South Korea World Health Organization Italy City China Severe acute respiratory syndrome coronavirus 2 Booking Holdings Walgreens Boots Alliance Prudential Financial Episcopal Diocese of Quincy Gilead Sciences Daegu NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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