NewsWatch: Dow tumbles more than 2,000 points, marks worst day since 2008 as coronavirus fears rock stocks

NewsWatch: Dow tumbles more than 2,000 points, marks worst day since 2008 as coronavirus fears rock stocks

Dow tumbles more than 2,000 points, marks worst day since 2008 as coronavirus fears rock stocks. U.S. stock indexes were rocked Monday, with the major benchmarks booking losses of at least 7% and marking their worst daily decline in years, amid the eruption of an oil-price war between OPEC and Russia and rising coronavirus fears.. Kyle Bass of Hayman Capital Management believes "this too shall pass," when it comes to the deep selloff in the market on Monday - the Dow was down more than 2,000 points early - but he's in no hurry to buy up stocks at bargain prices.. The oil stocks took the biggest beatings after Saudi Arabia shocked the energy market. Forty U.S. energy stocks were down at least 30% Monday.. The corporate bond market is a huge source of capital for weaker, U.S. debt-laden energy companies, which is why plunging oil prices and the coronavirus are magnifying fears about broader cracks in corporate debt..