United News of Bangladesh

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the benchmark S&P 500 down 4.4%, its worst one-day drop since 2011.

The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two years as investors worry that the spread of a viral outbreak that began in China will weaken global economic growth.

Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.

After Giorgio Armani's last-minute decision to show his latest collection in an empty theater due to concerns about the new virus, the rest of Milan's runway shows scheduled for Sunday are to go ahead as planned, fashion officials confirmed.

Stocks are opening lower again on Wall Street, putting the market on track for a weekly loss after two weeks of gains. Overseas markets were also weaker Friday after a rise in virus cases in South Korea and other countries revived anxiety about the outbreak. Cabot Oil & Gas sank after reporting weak results. The S&P 500 fell 13 points, or 0.4%, to 3,359. The Dow Jones Industrial Average fell 108 points, or 0.4%, to 29,111. The Nasdaq lost 40 points, or 0.4%, to 9,707. Bond prices rose. The yield on the 10-year Treasury note fell to 1.49%.

Business in the 19-country eurozone has picked up in February from a deep slump, particularly in Germany's big industrial sector, despite disruption from the new coronavirus, a report showed Friday.

Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak.

China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth.

Shares were mixed Thursday in Asia after Wall Street recovered to record highs, but worries persist about damage to the regional economy from the new virus that began in China.

Japan recorded a trade deficit for the month of January Wednesday, as exports declined amid worries about the spread of a new virus that could deaden regional economic growth.