Global Stocks, Oil Prices Slump Amid Spreading Of Coronavirus

Global Stocks, Oil Prices Slump Amid Spreading Of Coronavirus

European stocks rallied Friday while Wall Street equities tumbled along with oil prices as markets weighed the potential impact of a spreading viral illness in China.. Oil prices also finished solidly lower as traders gird for a potential hit to petroleum demand from China and perhaps other markets.. The outbreak has led to the cancelation of Lunar New Year festivities, along with temporary closures of Beijing's Forbidden City, Shanghai's Disneyland and a section of the Great Wall..