The stock rout continued Tuesday as diving bond yields raised more concern that the global economy is slowing significantly because of the spreading coronavirus. The 10-year Treasury yield hit a record low as the Dow Jones Industrial Average added to Monday’s 1,000-point drop.
Comments from health officials warning of a possible outbreak in the U.S. also spooked investors, causing a turnaround in stocks, which had opened the day higher.
The Dow closed down 879 points, or 3.1 percent, at 27,081 after being up more than 180 points at one point shortly after the open. The S&P 500 slid 3 percent to 3,128, while the NASDAQ fell 2.8 percent to 8,965.
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