Dow down 414 points on losses for American Express, UnitedHealth stocks
Source: Marketwatch
Dragged down by losses for shares of American Express and UnitedHealth, the Dow Jones Industrial Average is in a selloff Monday morning. The Dow DJIA, -1.45% was most recently trading 414 points lower (-1.4%), as shares of American Express AXP, -4.36% and UnitedHealth UNH, -4.17% have contributed to the blue-chip gauge's intraday decline. American Express's shares have fallen $6.09 (4.5%) while those of UnitedHealth are off $9.60 (3.3%), combining for a roughly 106-point drag on the Dow. Also contributing significantly to the decline are Nike NKE, -2.80%, Cisco CSCO, -2.61%, and Apple Inc. AAPL, -2.54%. A $1 move in any one of the 30 components of the benchmark equates to a 6.78-point swing.
Read more: https://www.marketwatch.com/story/dow-down-414-points-on-losses-for-american-express-unitedhealth-stocks-2020-01-27?mod=mw_latestnews
That's the face they put on it on a conservative leaning site in the United States, but the worldwide markets say it clearly; coronavirus fears.
DAX Tumbles As China Virus Fears Mount - German stocks fell sharply on Monday amid rising fears over the spreading coronavirus and its impact on the global economy.
Death toll from the outbreak in China rose to 81 while the virus spread to more than 10 countries including Australia, France, the Republic of Korea, Japan and the United States.
China's National Health Commission on Sunday said the new coronavirus is contagious even in its incubation period, which lasts up to 14 days, and that the virus' ability to spread is getting stronger.
= new reply since forum marked as read
probably more stuff. On the radio they were discussing racism towards Asian-Americans who look like they might have a cold, reduced patronage of Asian restaurants and other Asian businesses, and more. The Chinese New Year parade yesterday had much lower turnout.
We've seen hysteria around outbreaks of Ebola, Zika, SARS, H1N1, bird flu, and so many others. There was a time when idiots thought Indians were going to infect them with the pneumonic plague. 
So there will be some impact from people believing that foreigners or "foreign looking Americans" are coming to kill them.
