Jim Bianco of Bianco Research, Barbara Doran, BD8 Capital Partners, and Ben Mandel, JP Morgan Asset Management, join "Closing Bell" to discuss how the coronavirus is bringing down the market. Dow Jones Industrial Average tumbles 603.41 points
The Dow plummeted 603.41 points, or 2.09%, to close at 28,256.03. The S&P 500 shed 1.77% to 3,225.52. The Nasdaq Composite dropped 1.59% to 9,150.94. Stocks ended January on a disappointing note after concerns around the deadly coronavirus intensified.
January gains wiped out
The Dow and S&P 500 lost their gains for January on Friday after China’s National Health Commission confirmed on Friday that there have been nearly 10,000 confirmed coronavirus cases, with the death toll rising to more than 210. Airlines such as American, United and Delta announced they are curbing travel between China and the U.S. as fears around the sickness grew. The U.S. government also declared the virus a national health emergency. Investors added exposure to Treasury bonds, with the 30-year rate falling below 2%, a key level.
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