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Wall Street sell-off deepens as virus spread sends investors fleeing
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Wall Street sell-off deepens as virus spread sends investors fleeing
Wall Street's three major stock indexes fell almost 2% on Tuesday as the coronavirus spread further around the world and officials described it as 'a rapidly escalating epidemic,' a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years. Also, the Associated Press reported that a senior member of the International Olympic Committee said organizers are more likely to cancel the 2020 Olympics than to postpone or move it if coronavirus makes it too dangerous to hold in Tokyo. The U.S. Centers for Disease Control and Prevention said Americans should prepare for possible community spread of coronavirus.
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