Dow Ends Day Down 878

Amid fears virus will stunt US economy
By Newser Editors and Wire Services
Posted Feb 25, 2020 3:00 PM CST
Dow Ends Day Down 878
A specialist rests his head in his hand as he works on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. U.S. stocks fell in midday trading Tuesday, a day after the market's biggest drop in two years, as traders worry that the spreading coronavirus will threaten global economic growth.   (AP Photo/Richard Drew)

Stocks slumped and bond prices soared for the second day in a row as fears spread that the widening coronavirus outbreak will put the brakes on the global economy, the AP reports. The losses came a day after the market's biggest drop in two years. Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low. Mastercard joined a growing list of companies warning that the outbreak would hurt its finances. The Dow Jones Industrial Average fell 878 points, or 3.1%, to 27,081. The S&P 500 fell 97 points, or 3%, to 3,128. The Nasdaq lost 255 points, or 2.8%, to 8,965. (More stock market stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X