Stocks, Oil and Bonds Drop in Sync as Economic Fears Deepen - News Summed Up

Stocks, Oil and Bonds Drop in Sync as Economic Fears Deepen


Stocks, bonds and commodities fell Wednesday in a simultaneous selloff that suggests investors are seeking to raise cash quickly to cope with the economic disruption sparked by the coronavirus pandemic. The Dow Jones Industrial Average fell 1,350 points, or 6.4%, to 19887 in midday trading. The S&P 500 dropped 5.6% and the Nasdaq Composite declined 4.6%. All three indexes are down about 30% from their mid-February highs.


Source: Wall Street Journal March 18, 2020 02:28 UTC



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