Stocks tumble as virus fears spark sell-off; Dow falls 453

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U.S. stocks are closing with sharp losses as investors worry about the potential economic impact of the outbreak of a new virus from China.

The declines in the U.S. followed a sell-off in markets in Europe and Japan. The Dow Jones Industrial Average fell 453 points, or 1.6%, to 28,535. The S&P 500 index fell 51 points, or 1.6%, to 3,243.

The Nasdaq fell 175 points, or 1.9%, to 9,139. Investors headed for safer holdings. Bond rose and the yield on the 10-year Treasury fell to its lowest level since October. Gold prices also rose. Airlines and resort operators suffered steep losses. 

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