Stocks, Oil and Bonds Drop in Sync as Economic Fears Deepen
Posted on AllSides March 18th, 2020
From The Center
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 1,420 points, or 6.7%, to 19818 in midday trading. The S&P 500 dropped 5.8% and the Nasdaq Composite declined 4.6%. All three indexes are down about 30% from their mid-February highs.
Oil, meanwhile, plunged 15% to its lowest level in more than 18 years.
Some content from this outlet may be limited or behind a paywall.
