The Stock Market Sell-Off: 10 Things You Need to Know
Following multiple all-time closing highs for all three major indexes, the stock market issued a stern warning to investors on Friday, Jan. 24, and Monday, Jan. 27 -- namely, that it can go both up and down.
When the closing bell rang on Monday, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC), and benchmark S&P 500 (SNPINDEX: ^GSPC) all shed at least 1.57%, marking their collective worst day in three months. The blame appears to lie with the rapidly spreading coronavirus from the Hubei province in China, which could contribute to weaker Chinese (and global) growth prospects or even lead to a recession. The coronavirus, which often presents with flu-like symptoms but can be deadly for people with compromised immune systems, has claimed more than 100 lives as of this writing.
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Source Fool.com