NBC News reports:
The stock market cratered again on Friday, marking the seventh day of a massive sell-off sparked by rising fears about the coronavirus epidemic. The Dow Jones Industrial Average plunged by 1000 points at the opening bell, with the S&P 500 and the Nasdaq each falling by 3 percent.
The meltdown comes as traders appear to lose any hope that the spread of the highly infectious disease has been staunched, with the number of cases continuing to spiral globally. A dozen countries have reported their first virus cases over the past 24 hours, including Nigeria, the biggest economy in Africa.
White House Chief of Staff Mulvaney says people should ignore the news about #Coronavirus so that the stock market can calm down. https://t.co/RqmK9rdCy4
— The Daily Edge (@TheDailyEdge) February 28, 2020