Market Pulse Archives

Feb. 25, 2020, 11:12 a.m. EST

Dow sinks more than 300 points to session low as 10-year Treasury rate hits record low at 1.321%

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Mark DeCambre

U.S. stocks on Tuesday were giving up opening gains and trending firmly in negative territory as the 10-year Treasury note yield breached an all-time low, reflecting persistent worries about the impact of COVID-19, the illness derived from the novel s train of coronavirus, to supply chains and economies world-wide. The 10-year Treasury note hit an intraday low at 1.321%, according to FactSet data, which is just a few basis points below its 2016 nadir at 1.325%. Bond prices rise as yields fall. Stocks, meanwhile, appeared to come under pressure as yields for government bonds continued to edge lower. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.75% was off 329 points, or 1.1%, at 27,656, following a more-than 1,000-point drop for the blue-chip gauge on Monday. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.68% retreated 1.1% at 3,191, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.81% was down 1.1% at 9,116 in late-morning action. The 30-year Treasury note, meanwhile, has already hit an all-time low, achieved last week. The number of worldwide cases of COVID-19 continues to rise; there are now 80,238 cases in 34 countries and at least 2,700 deaths, according to the World Health Organization (WHO).

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
23,843.32
+409.75 +1.75%
Volume: 99.65M
April 9, 2020 10:10a
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,796.25
+46.27 +1.68%
Volume: 754.94M
April 9, 2020 10:10a
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,156.52
+65.62 +0.81%
Volume: 745,841
April 9, 2020 10:10a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.