Stock Indexes Veer Mostly Lower, Add to Steep Drops This Week - News Summed Up

Stock Indexes Veer Mostly Lower, Add to Steep Drops This Week


Major U.S. stock indexes edged mostly lower Wednesday afternoon as a rally in technology companies offset some of the losses elsewhere in the market. The benchmark S&P 500 was modestly lower after swinging between a 0.6% loss and 1.7% gain. The bond market continued to flash warning signs as long-term Treasury yields fell further below short-term yields. Worry about economic fallout from the virus outbreak that originated in China fueled a sharp sell-off this week that wiped out the market's gains for the year. Health officials in the U.S. have been warning Americans to prepare for the virus.


Source: International New York Times February 26, 2020 14:37 UTC



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