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Wall St. slumps at open as coronavirus fears intensify

FILE PHOTO: A trader wears a face mask on the floor of the New York Stock Exchange (NYSE) following traders testing positive for Coronavirus disease (COVID-19), in New York, U.S., March 19, 2020. (REUTERS/Lucas Jackson)

BY MEDHA SINGH

 U.S. stock indexes tumbled at the open on Wednesday, as investors fled to safe-haven assets following the first slide in U.S. private payrolls since 2017 and dire predictions on the U.S. death toll from the coronavirus.

The Dow Jones Industrial Average <.DJI> fell 689.78 points, or 3.15%, at the open to 21,227.38. The S&P 500 <.SPX> opened lower by 86.51 points, or 3.35%, at 2,498.08, while the Nasdaq Composite <.IXIC> dropped 240.60 points, or 3.12%, to 7,459.50 at the opening bell.

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