Stocks fell sharply on Wall Street Friday as investors feared that a virus outbreak that originated in China will dent the global economy.
Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500’s gains for January and gave the benchmark index its biggest weekly loss since August.
The S&P 500 sank 58.14 points, or 1.8%, to 3,225.52.
The Dow Jones industrials slumped 603.41 points, or 2.1% to 28,256.03.