Wall Street's major averages tumbled more than 1% on Friday as the spreadin...
Economists fear the coronavirus could have a bigger impact than Severe Acute Respiratory Syndrome , which killed about 800 people between 2002 and 2003 at an estimated cost of $33 billion to the global economy, since China’s share of the world economy is now far greater.
“We wouldn’t think this would be terribly prolonged but certainly it matters today and the data outside of Amazon has been certainly on the soft side,” said Scott Ladner, chief investment officer at Horizon Investments in Charlotte.
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