Stocks, Oil and Bonds Drop in Sync as Economic Fears Deepen
Public Health,Stock Market,Wall Street,Coronavirus,Banking And Finance,Economy And Jobs
From the Center
AllSides Media Bias Rating: 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.
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