Dow Plunges Anew as Selloff Continues

Index falls more than 700 points
By Newser Editors,  Newser Staff
Posted Mar 6, 2020 8:44 AM CST
Dow Has Another Big Plunge at the Open
Trader John Romolo works on the floor of the New York Stock Exchange Thursday, March 5, 2020.   (AP Photo/Richard Drew)

The market has been seesawing all week, but now things appear to be heading only downward. The Dow fell more than 700 points at the open on Friday, nearly 3%, and the benchmark S&P 500 fell a similar percentage. The move follows Thursday's plunge of nearly 1,000 points for the Dow. The selloff in stocks comes as investors flee to safer havens such as bonds, reports the Wall Street Journal. One sign of that: The 10-year Treasury yield sank to a historic low of below 0.7%, reports CNBC. Gold, up 0.3%, is on track to have its best week since 2008. (More stock market stories.)

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