On Wall Street, the Dow Jones Industrial Average fell 277.26 points, or 0.94%, to 29,102.51. The S&P 500 lost 18.07 points, or 0.54%, to 3,327.71 and the Nasdaq Composite dropped 51.64 points, or 0.54%, to 9,520.51 MSCI's gauge of stocks across the globe shed 0.60%, moving away from highs this week that were shy of a record peak set early in January. Despite Friday's downturn, the index posted its best weekly gain since June. Emerging market stocks lost 1.11% and the pan-European FTSEurofirst 300 index fell 0.25%. The blue-chip index notched its best week since late 2016.
NEW YORK: Global equity markets and government debt yields slumped on Friday as nagging concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately.
Stocks on Wall Street retreated from record highs and safe-havens gold and the Japanese yen rose as investors weighed how much the virus is likely to disrupt supply chains. China accounts for about one-third of global growth.
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