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News / Business

Stocks fall as fears about deadly virus grow; Dow drops 170

By ALEX VEIGA, AP Business Writer
Published: January 24, 2020, 12:20pm
2 Photos
FILE - In this Jan. 9, 2020, file photo specialist Brian Giannettino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 24.
FILE - In this Jan. 9, 2020, file photo specialist Brian Giannettino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 24. (AP Photo/Richard Drew, File) Photo Gallery

Stocks are closing with broad losses as increased fears that an outbreak of a deadly virus could spread more widely rattles markets. The S&P 500 had its worst day since early October as health care stocks incurred steep losses. The sell-off followed news that a Chicago woman has become the second U.S. patient diagnosed with the new virus from China. The S&P 500 index fell 0.9%. The Dow Jones Industrial Average dropped 170 points, or 0.6%, to 28,989. The Nasdaq lost 0.9%. The yield on the 10-year Treasury fell to 1.69% from 1.74% Thursday.

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