Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Breaking: Dow Dives Another 1,000 Points on Virus Panic

Published 02/28/2020, 10:17 AM
Updated 02/28/2020, 10:19 AM

Investing.com - Wall Street succumbed to selling pressure shortly after the open Friday, with the Dow plunging another 1,000 points, as hopes the Federal Reserve could pull the trigger on rate cuts faded somewhat following comments from St. Louis Fed President James Bullard.

  • The Dow Jones Industrial Average sank 1,000 points, or 3.9% before paring some losses. The S&P 500 lost 3.5% and the Nasdaq Composite tumbled 2.7%.

  • Bullard said the Fed’s “base case” is still to keep rates steady. The market is pricing in a 100% of a rate cut in March presently, with a 40% of a 50-basis-point cut, according to Investing.com’s Fed Rate Monitor Tool.

    • The 10-Year Treasury yield sank to 1.168%. It hit a record low of 1.155% earlier.

    Latest comments

    Look at the paper trail. Dumping paper gold and silver to buy physical. Global trade is beginning to disintegrate and there is no good news in sight. More cases next week, more cancelled flight routes and more profit warnings as we hurtle towards a recession. Governments will need to step in and this time put cash in our pockets to keep the economy running.
    i Will go buy up to market
    guys the government controls the market, im sure they are responsible for this crash
    why am I loosing more than I can make now
    How i can invest some money in share market??
    Is it possible that NASDAQ might reach 7700?
    The notify in great chart moments to push investors
    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.