Markets Continue Wild Ride, Dow Skids 979 Points

Investor’s Daily reports:

As the coronavirus upends more aspects of life in the United States, Wall Street’s only certainty is this: The uncertainty will continue. The Dow Jones industrial average closed down 969 points Thursday as investors fled stocks and headed for the safety of U.S. debt.

The 3.6 percent skid canceled out most of Wednesday’s eye-popping rally, and was in line with the punishing sell-offs that have dominated trading for weeks as the outbreak grinds down economic growth.

All 11 Standard & Poor’s 500 sectors turned negative, with financials, industrials and energy the worst-performing sectors. All 30 Dow blue chips were in the red.