Feb 24 (Reuters) - The Dow Jones Industrials fell more than
800 points within minutes of the market 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.
The benchmark S&P 500 fell below its 50-day moving average,
while the blue-chip Dow slipped below its 100-day moving
average, all closely watched indicators of momentum.
The Dow Jones Industrial Average .DJI fell 589.48 points,
or 2.03%, at the open to 28,402.93.
The S&P 500 .SPX opened lower by 80.14 points, or 2.40%,
at 3,257.61. The Nasdaq Composite .IXIC dropped 388.15 points,
or 4.05%, to 9,188.44 at the opening bell.