Dow plunges more than 500 points as market sell-off continues

22:50, February 27, 2020

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  Dow plunges more than 800 points as market sell-off continues

  Photo: XinhuaNEW YORK, Feb. 28 (Xinhua) -- U.S. stocks plunged shortly after the opening bell on Friday, with the Dow shedding more than 800 points, or more than 3 percent as steep market sell-off continued.

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  Stocks jolted by virus fears in record plunge

  MARK LENNIHAN / AP The US stock market on Thursday suffered its worst blow so far in a bad week, as growing concern about the global spread of the coronavirus sent the Dow Jones Industrial Average and S&P 500 indices to their worst one-day point drops in history.61 percent, to close at 8566.

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  US stocks close sharply lower as market sell-off continues

  U.S. stocks closed sharply lower on Thursday as investors fled the stocks market and flocked into safe-haven assets.(Photo: Xinhua)The Dow Jones Industrial Average fell 1,190.95 points, or 4.42 percent, to 25,766.64. The S&P 500 was down 137.63 points, or 4.42 percent, to 2,978.76. The Nasdaq Composite Index was down 414.30 points, or 4.61 percent, to 8,566.48.All three major indexes tumbled into correction territory.Most of the 30 Dow component companies closed in red territory, with Microsoft and Dow shedding 7.05 percent and 6.61 percent, respectively, leading the laggards.Some other big names, such as Apple, Intel and Exxon Mobil, fell more than 6 percent.All of the 11 primary S&P 500 sectors closed lower. Real estate and energy declined 5.59 percent and 5.47 percent, respectively, the top two laggards.The Cboe Volatility Index, widely considered the best fear gauge in the stock market, jumped 42.09 percent to 39.16.The benchmark 10-year Treasury yield dipped below 1.25 on Thursday, hitting a record low. Yields move inversely to prices.