By Keith Griffith For Dailymail.com and Wires
Published: 14:53 GMT, 26 February 2020 | Updated: 00:47 GMT, 27 February 2020
U.S. stock indexes closed mostly lower on Wednesday, erasing early gains after four days of steep selloffs amid fear of the coronavirus wreaking havoc on the world economy.
The S&P 500 fell 11 points, or 0.4 percent, to 3,116. The Dow Jones Industrial Average fell 123 points, or 0.5 percent, to 26,957. The Nasdaq edged up 15 points, or 0.2 percent, to 8,980.
It follows a sharp selloff that gutted the Dow by more than 1,900 points in two days, as the World Health Organization (WHO) cautioned that the rapid spread of the virus to more places was inevitable, even as the outbreak in China had peaked.
Trump said at a news conference on Wednesday that the risk of people is 'very low', but added that the US is prepared to 'spend whatever's appropriate' to deal with the outbreak.
U.S. stock indexes opened higher on Wednesday, after four days of