The impact of factory closings in China is hitting the U.S. and world markets as the coronavirus outbreak continues. The Dow Jones industrial average sank by more than 1,000 points, or 3.6%, on Feb. 24, while the Nasdaq index dropped more than 3.7%, according to The Washington Post. Retailers are being hit on both the consumer-facing and sourcing fronts: Chinese store closures are creating immediate challenges, while supply chain issues are just beginning to be felt.
