Markets React to Rising Coronavirus Fears
(WorldNews Business)

Fear regarding the impact of the coronavirus has intensified. It began last week, on Friday, after the U.S. flash PMI report showed a surprisingly significant impact on U.S. economic activity. The selloff was enough to push the S&P 500® index to its first decline in the past three weeks. But that was just a prelude to the fear that took hold over the past weekend, as cases of the virus have spread to other countries in Asia, especially South Korea, and as far away as Italy and Iran. Concern has shifted away from a primary focus on the economic impact of the virus to the more fundamental issue of its containment. Statements of concern by several healthcare professionals over the weekend were...