Dow drops 227 points amid spike in new coronavirus cases in China

Dow drops 227 points and Wall Street finishes down for the week amid spike in new coronavirus cases in China All three major US stock indexes were down for the week at Friday's close Spike in new coronavirus cases in China raised fears epidemic will continue New service sector data showed U.S. business activity stalled in February

By Keith Griffith For Dailymail.com and Wires

Published: 22:03 GMT, 21 February 2020 | Updated: 03:33 GMT, 22 February 2020

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U.S. stock indexes fell on Friday, ending the week in the negative, after a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds. 

The Dow Jones Industrial Average fell 227.3 points, or 0.78 percent, to 28,992.68, the S&P 500 lost 35.55 points, or 1.05 percent, to 3,337.68 and the Nasdaq Composite dropped 174.38 points, or 1.79 percent, to 9,576.59. 

Traders remain anxious over the economic fallout from the virus outbreak that began in China, which continues to spread. 

China reported a jump in new cases on Friday, while South Korea became the latest hot spot with 100 new cases and more than 80 people tested positive for the virus in Japan. 

A trader works on the floor of the New York Stock Exchange at the end of of the day ion Friday. The Dow lost over 200 points, reportedly on worries about coronavirus

A trader works on the floor of the New York Stock Exchange at the end of of the day ion Friday. The Dow lost over 200 points, reportedly on worries about coronavirus

A five-day view of the Dow Jones Industrial average shows the index down for the week

A five-day view of the Dow Jones Industrial average shows the index down for the week

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