Stocks Drop Most Since February 2018; Havens Gain: Markets Wrap
- Dow falls by more than 1,000 points, erases gains for the year
- Yen, gold benefit from refuge demand; crude oil plunges
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U.S. equities tumbled, with the S&P 500 dropping the most since February 2018, as authorities struggled to keep the coronavirus from spreading more widely outside China. Havens including Treasuries and gold surged.
In a dramatic day across markets, these were some of the standout moves: