Dow Infected!

Spread of COVID-19 outbreak turning business and markets negative

Traders work during the closing bell at the New York Stock Exchange (NYSE) at Wall Street in New York City on Feb. 24, 2020. Johannes Eisele/AFP via Getty Images

Commentary

The seemingly unstoppable march of the deadly pathogen has finally reached Wall Street—at least for today. The Dow Jones Industrial Average saw over a 3 percent sell off Monday and yields rose as investors fled to the relative safety of bonds, with news of the widening expansion of the COVID-19 virus into Europe.