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US stocks tumble most in 12 weeks amid economic jitters and coronavirus uncertainty
US stocks tumbled the most in 12 weeks as the torrid surge in equities came to a screeching halt amid economic jitters. Treasuries surged.The Dow Jones Industrial Average slumped as much as 7.1 per cent on Thursday, with all of its 30 blue-chip companies dropping. Meanwhile, the S&P 500 sank almost 6 per cent – approaching the 7 per cent threshold that would trigger an exchange-mandated trading pause.Airlines, cruise operators and travel shares that soared in recent weeks bore the brunt of the…
Read the original article at South China Morning Post