Breaking: Wall Street Plunges Again as CDC Sees ‘Inevitable’ U.S. Virus Spread

Investing.com

Published Feb 25, 2020 02:48PM ET

Investing.com – Stocks plunged for the second session in a row Tuesday as investors fled risk following comments from the Centers for Disease Control and Prevention that the U.S. faced further spread of Covid-19.

  • The Dow Jones Industrial Average dived 3%, or 840 points. The S&P 500 sank 2.8% and the Nasdaq Composite tumbled 2.4%.

  • The CDC said that Americans should prepare for the “inevitable” spread of Covid-19 and that there will be disruptions to everyday lives of Americans. The market shrugged off assertions from White House adviser Larry Kudlow that in the U.S. the virus is contained “pretty much airtight.”

  • The United States 10-Year Treasury yield set a new-all time low of 1.307% as money flooded into safe havens like bonds.

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    Written By: Investing.com

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