By Geoffrey Smith
Investing.com -- U.S. stock markets fell to their lowest in over three weeks at the opening Monday, as growing fears about the impact of the coronavirus outbreak on China's economy - and the world's - sent a wave of risk-aversion rippling through the financial system.
By 9:37 AM ET, the Dow Jones Industrial Average was down 446 points, or 1.1% at 28,544 points. The S&P 500 was down 48 points, also a drop of 1.5%, while the Nasdaq Composite was down 1.9%.
At the same time, yields on safe-haven Treasury bonds plummeted. The 10-year benchmark yield fell seven basis points to 1.61%, its lowest since early October. It's now down 21 basis points in the last week. Gold futures also rallied.