Dow set for 800-point fall at open as pandemic fears grip Wall St.
Share:
(Reuters) - The Dow Jones Industrials index was set to shed nearly 800 points at the open on Monday as investors scurried to safer assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global growth.Gold rose to a seven-year high and the inversion between the 3-month and 10-year U.S. Treasury yields deepened as a rise in cases in Iran, Italy and South Korea over the weekend added to fears of a pandemic. An inversion of the curve is a classic recession..