US stocks finished sharply lower on Thursday, with all three major indexes closing down more than 3%.

Worries about the global coronavirus outbreak once again spurred a selloff in stocks.

Here’s where things stand:

  • The Dow closed 970 points, or 3.6%, lower, wiping out nearly all of its Wednesday gains. It was the fifth worst one-day point drop in history for the index.
  • The S&P 500 finished down 3.4%. 
  • The Nasdaq Composite fell 3.1%.

Investors plowed money into safe haven assets like bonds. The 10-year Treasury bond yield dropped to a new record low below 0.91%. Bond yields move in the opposite direction of bond prices.

Source: CNN.News


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