On Wall Street, the Dow Jones Industrial Average fell 128.11 points, or 0.43%, to 29,423.31. The S&P 500 lost 5.51 points, or 0.16%, to 3,373.94 and the Nasdaq Composite dropped 13.99 points, or 0.14%, to 9,711.97. MSCI's gauge of stocks across the globe shed 0.25% and its merging markets index lost 0.42%. The pan-European STOXX 600 index lost 0.02%. The FTSE 100 in London slid 1.1%, derailed by steep falls in heavyweights Barclays and utility Centrica, along with the jolt to risk sentiment from the rise in coronavirus cases in China.
NEW YORK/LONDON: The dollar rose and global equity markets slumped on Thursday after a new methodology that boosted the coronavirus death toll in China unnerved investors, curbing a rally that had lifted U.S. and European stocks to a series of record peaks.
Chinese officials said 242 people died in Hubei province on Wednesday, the biggest daily rise since the virus emerged in the provincial capital of Wuhan in December.
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