Wall Street tumbles, Dow Jones below 20,000 amid COVID-19 fears

New York: US equities ended volatile session sharply lower as panic selling continued on Wall Street amid COVID-19 fears. The Dow Jones Industrial Average on Wednesday decreased 1,338.46 points, or 6.30 per cent, to 19,898.92, marking its first close below 20,000 since February 2017. The 30-stock index cratered more than 2,300 points at session lows, Xinhua reported.

The S&P 500 was down 131.09 points, or 5.18 per cent, to end at 2,398.10. The Nasdaq Composite Index fell 344.94 points, or 4.70 per cent, to 6,989.84.

Shares of US energy giant Chevron slumped about 22 per cent, leading the laggards in the Dow. Boeing declined 17.9 per cent, dragging the market lower. (IANS)

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