DJIA21636.78
LIVE-915.39(-4.06%)
NDX7588.37
LIVE-308.76(-3.91%)

Dow sees biggest back-to-back point drop on record amid coronavirus jitters


Wednesday, 26 February 2020 04:22 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


c_740_198_16777215_00_images_assets_USMARKET_87257_620.jpg

Stocks recorded one of their biggest back-to-back losses on Tuesday as the COVID-19 outbreak rattled investors that fear the impact of the virus is spreading rapidly outside of China.

The S&P 500 slid 3% to end around 3,128. The Dow Jones Industrial Average shed 879 points, or 3.1%, to finish near 27,082, based on preliminary estimates. The blue-chip index booked its biggest two-day point drop in history, after falling 1031.61 points on Monday. The Nasdaq Composite retreated 2.8% to end around 8,966.

All three major equity indexes are negative year-to-date. More analysts now projecting a first-quarter economic hit to the U.S., as companies warn that disrupted supply chains and shrinking consumer demand in China could weigh on their profits and ability to deliver goods.

The Centers for Disease Control said Tuesday Americans should start preparing for potential disruptions due to the coronavirus. The 10-year Treasury note yield also set a record low of 1.31% on Tuesday. Bond prices move in the opposite direction of yields.

In company news, shares of Mastercard Incorporated fell nearly 7% after the company said on Monday that the COVID-19 outbreak could hurt sales.

Source : MarketWatch


RELATED NEWS

  • Tokyo stocks opened down more than three percent Monday, as traders fret about the spreading coronavirus and a higher yen against the dollar also weighing on the market. The benchmark Nikkei 225 was ...
  • Hong Kong stocks rose Friday, closing a healthy week on a positive note as investors welcomed a blockbuster US stimulus plan and pledges by the Federal Reserve to ease liquidity concerns. The Hang Se...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.