Dow loses 3,200 points and counting on week, bond yields collapsing


Traders perform on the floor of the New York inventory Trade (NYSE) on on February 24, 2020 in New York City. Stocks fell more than 1000 details on Monday as world problems develop about the economic effect of the Coronavirus.

Spencer Platt

This is a stay site. Verify back for updates.

6:20 am: 10-calendar year yield drops to contemporary all-time lower

The 10-year U.S. Treasury observe produce fell to a contemporary history very low as buyers sought out a harmless haven from the stock market’s unstable downside moves. The benchmark charge broke underneath 1.2% for the 1st time at any time, past trading around 1.18%. Yields go inversely to prices. It ended previous 7 days earlier mentioned 1.47%. Friday’s move come as U.S. inventory futures pointed to one more provide-off in equities. —Imbert

6:15 am: U.S. stock futures point to losses at the open up, Dow set for much more than 400-issue drop

U.S. inventory futures are pointing to losses across the board at the open on Friday. The seemed established to open up just about 400 details decreased, with the and also pointing to losses. The sharp drop came right after California Gov. Gavin Newsom mentioned the point out is checking 8,400 persons for coronavirus.

The Dow plunged nearly 1,200 points on Thursday, the benchmark’s largest one-working day stage fall at any time, as problems around the coronavirus probably spreading and denting world wide expansion sent shares in tailspin. The Dow, S&P 500 and Nasdaq all closed in correction territory, down at minimum 10% from its most new substantial.

The Dow has shed extra than 3,200 points this 7 days, on tempo for its worst 7 days due to the fact the financial crisis. —Fitzgerald

Subscribe to CNBC Professional for exclusive insights and examination, and dwell business day programming from close to the world.



Resource website link