Sell-off intensifies, Dow set for 500-point drop, 10-year sinks
A trader will work just before the closing bell at the New York Inventory Trade (NYSE) on September 20, 2019 in New York Town.
Johannes Eisele | AFP | Getty Images
This is a are living blog. Test again for updates.
7:27 am: 78% of the S&P in correction territory
With yesterday’s steep slide, 78% of the S&P 500 is now in correction territory, or a lot more than 10% beneath latest highs. 41% of the index, or 207 stocks, are at this time buying and selling in bear marketplace territory, or extra than 20% below latest highs. – Stevens
7:05 am: Inventory promote-off accelerates, Dow set to drop much more than 500 details at the open
It really is been a unstable 7 days of whipsaw market moves, and Friday is shaping up to be the similar story on the Road. U.S. stock futures are pointing to sharp losses at the open up, with the Dow Jones Industrial Regular set to slide extra than 500 details for a reduction of 2.2%. The S&P 500 is set to open down 2.2%, even though the Nasdaq is set to drop 3%.
As the coronavirus outbreak carries on to spook markets, traders are shedding equities in favor of so-identified as secure haven property. The yield on the U.S. 10-calendar year Treasury is at an all-time small, and the utilities sector is on speed for its very best week at any time. – Stevens
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