US stocks open sharply lower on deepening coronavirus hit

Wall Street stocks fall sharply in early trading on weak jobs data and a downcast warning from US President Donald Trump about the rising US death toll from the coronavirus.

About six minutes into trading, the Dow Jones Industrial Average stood at 21,174.95, down 3.4 percent or around 740 points.

The broad-based S&P 500 fell 4.0% to 2,496.85, while the tech-rich Nasdaq Composite Index tumbled 2.7% to 7,490.27.

Trader Gregory Rowe works on the floor of the New York Stock Exchange at the end of the trading day, March 16, 2020. (AP/Craig Ruttle)

— AFP

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