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Dow Ends Day Down 878

Amid fears virus will stunt US economy
By Newser Editors and Wire Services
Posted Feb 25, 2020 3:00 PM CST

(Newser) – Stocks slumped and bond prices soared for the second day in a row as fears spread that the widening coronavirus outbreak will put the brakes on the global economy, the AP reports. The losses came a day after the market's biggest drop in two years. Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low. Mastercard joined a growing list of companies warning that the outbreak would hurt its finances. The Dow Jones Industrial Average fell 878 points, or 3.1%, to 27,081. The S&P 500 fell 97 points, or 3%, to 3,128. The Nasdaq lost 255 points, or 2.8%, to 8,965. (Read more stock market stories.)

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