Stocks Plunge for Second Day as CDC Warns Americans About COVID-19, Chance of Severe Illnesses
(Worthy News) – Stocks slumped again on Wall Street Tuesday, driving the S&P 500 down 3%, piling on losses a day after the market’s biggest drop in two years as fears spread that the growing coronavirus COVID-19 outbreak will put the brakes on the global economy.
Nervous investors snapped up low-risk US government bonds, sending the yield on the 10-year Treasury note to a record low.
Mastercard joined a growing list of companies warning that the outbreak would hurt its finances. The Dow Jones Industrial Average fell 878 points, or 3.1%, to 27,081. The S&P 500 fell 97 points, or 3%, to 3,128. The Nasdaq lost 255 points, or 2.8%, to 8,965. [ Source: CBN News (Read More…) ]
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