Stocks sink on fears virus outbreak will dent global economy
ALEX VEIGA
AP Business Writer
Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth.
The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for January.
Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from the country.
Just two weeks ago, the S&P 500 had closed at an all-time high, having climbed around 13% since early October. A preliminary trade deal signed by the U.S. and China earlier in the month eased a big source of uncertainty in the markets. Volatility was running at 12-month lows and even a dust up between the U.S. and Iran didn't rock mark
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