Wall St. pulls back from records on worries about virus outbreak and global growth

Wall St. pulls back from records on worries about virus outbreak and global growth

Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International Monetary Fund (IMF).

Traders work on the floor at the NYSE in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid

REUTERS: Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast.

The Dow Jones Industrial Average fell 151.25 points, or 0.52per cent, to 29,196.85, the S&P 500 lost 8.75 points, or 0.26per cent, to 3,320.87 and the Nasdaq Composite dropped 18.14 points, or 0.19per cent, to 9,370.81.

(Reporting by Sinéad Carew; Editing by Tom Brown)

Source: Reuters

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