Wall Street clobbered as crude plummets, virus crisis deepens - News Summed Up

Wall Street clobbered as crude plummets, virus crisis deepens


The Dow plummeted a record 2,000 points out of the starting gate on a day that marked the current bull market's 11th year. S&P 500 futures declined about 1% after the bell, briefly extending their loss to just over 20% from their record high on Feb 19 and suggesting the bull market may have ended. That sent the S&P Energy index sliding 20.1%, its largest one-day drop on record. All 11 major sectors of S&P 500 ended the session deep in red territory, with energy and interest rate-sensitive financial stocks suffering the largest percentage losses. The S&P 500 posted one new 52-week high and 229 new lows; the Nasdaq Composite recorded nine new highs and 1,049 new lows.


Source: bd News24 March 09, 2020 22:41 UTC



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