Early gains for the broad U.S. stock indexes were reversed Tuesday, as investors grew more concerned about the spread of the COVID-19 virus outside of China. The indexes have now fallen for four trading days in a row.
The Dow Jones Industrial Average DJIA, -2.53% was down 679 points , while the S&P 500 Index SPX, -2.31% was also down 2.4%. The Nasdaq Composite Index COMP, -1.90% was down 2.2%. All prices were as of 2 p.m. ET.As bonds rose, the yield on 10-year U.S. Treasury notes TMUBMUSD10Y, -2.91% dropped to 1.32%.
MarketWatch’s Howard Gold described the market selloff, despite the tragic circumstances, as a buying opportunity for investors. Dow 30 At 2 p.m. ET, all but two of the 30 components of the Dow Jones Industrial Average were down for the day:S&P 500 Among the S&P 500, 481 stocks were down, with these 10 showing the greatest declines: Create an email alert for Philip van Doorn’s Deep Dive columns here.
Philip van Doorn Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.Comment #div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; } Related Topics
If my bitcoin is slightly down today. But up 3000000m percent
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5 things to know before the stock market opens TuesdayU.S. stock futures were higher Tuesday morning; but a far cry from recovering the Dow's more than 1,000-point or 3.5% plunge. Today is Tuesday. you have inside info? imo Wow! $1.7 trillion markets' losses in one day? And it's all due to the mild Coronavirus that has a much lower Mortality Rate (MR) than from a regular pneumonia, SARS or MARS? This is not your Spanish Flu that killed 50M people. Coronavirus is mild!
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Entertainment Stocks Tumble as Coronavirus Crisis SpreadsShares of top Hollywood media stocks on Monday fell in value on a new wave of concern that the coronavirus outbreak has spread widely beyond China People will spend more time on social media, mobile games and streaming media. People just need to chill, and Netflix (or D+, Hulu, etc)
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