The Dow Fell 970 Points Because There’s No Relief From Coronavirus Fears

The Dow Fell 970 Points Because There’s No Relief From Coronavirus Fears
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Stocks plunged again on Thursday, erasing most of Wednesday’s gains. The Dow Jones Industrial Average lost 969.58 points, or 3.58%, to close at 26,121.28. The S&P 500 fell 106.18 points, or 3.39%, to end at 3023.94, and the Nasdaq Composite dropped 279.49 points, or 3.10%, to close at 8738.59.

Gold futures rose as investors rushed to haven assets. Crude-oil prices continued to drop amid demand concerns. U.S. mortgage rates have fallen to 49-year lows along with the decline in Treasury yields, leading to a surge in home-loan…

Source: Barron’s

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