Financial safety

Stock market news live: Wall Street dives on coronavirus panic, with travel and leisure leading the rout

Markets braced for more volatility on Monday, with investors unnerved by the growing possibility of a coronavirus pandemic. Last week, investors bolted risk-sensitive assets in favor of safe haven assets, including gold and Treasuries.

1:15 p.m. ET: Pandemic jitters send Europe to its worst day in 3 years

European stocks suffered their worst day since 2016 on Monday as coronavirus infections climbed in Italy, the eurozone’s third-largest economy.

The pan-European STOXX 600 index (^STOXX) closed down by almost 3.8%, with stocks on Italy’s FTSE MIB Index (FTSEMIB.MI) sinking by more than 5.4%. The FTSE 100 (^FTSE) declined by more than 3.3% in London. Germany’s DAX (^GDAXI) was down by 4%, while France’s CAC 40 (^FCHI) was down by more than 3.9%.