Dow drops 1,500 points as oil price plunge shocks markets

Stan Choe

March 9, 2020 10:15 am

THE DOW Jones Industrial Average lost 1,582 points, or 6.1%, to start the day Monday. / AP FILE PHOTO/ RICHARD DREW

NEW YORK (AP) — Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus. The most violent drops came from the oil markets, where prices cratered more than 20%. But moves in stocks and bond yields were nearly as breathtaking. In…