Tuesday, 26 May 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow sees biggest back-to-back point drop on record amid coronavirus jitters
Wednesday, 26 February 2020 04:22 WIB | MARKET UPDATE |SahamASIndeks Dow JonesIndeks S&P 500Indeks Nasdaq

Stocks recorded one of their biggest back-to-back losses on Tuesday as the COVID-19 outbreak rattled investors that fear the impact of the virus is spreading rapidly outside of China.

The S&P 500 slid 3% to end around 3,128. The Dow Jones Industrial Average shed 879 points, or 3.1%, to finish near 27,082, based on preliminary estimates. The blue-chip index booked its biggest two-day point drop in history, after falling 1031.61 points on Monday. The Nasdaq Composite retreated 2.8% to end around 8,966.

All three major equity indexes are negative year-to-date. More analysts now projecting a first-quarter economic hit to the U.S., as companies warn that disrupted supply chains and shrinking consumer demand in China could weigh on their profits and ability to deliver goods.

The Centers for Disease Control said Tuesday Americans should start preparing for potential disruptions due to the coronavirus. The 10-year Treasury note yield also set a record low of 1.31% on Tuesday. Bond prices move in the opposite direction of yields.

In company news, shares of Mastercard Incorporated fell nearly 7% after the company said on Monday that the COVID-19 outbreak could hurt sales.

Source : MarketWatch

RELATED NEWS
Tokyo Stocks Close Sharply Higher...
Tuesday, 26 May 2020 13:30 WIB

Tokyo stocks closed sharply higher Tuesday as investors took heart from the lifting of Japan's coronavirus state of emergency and hopes for the gradual reopening of the world's third-largest economy. ...

Hong Kong Shares Open With Big Gains...
Tuesday, 26 May 2020 08:52 WIB

Hong Kong stocks rose more than one percent in the first few minutes of trade Tuesday as concerns about the impact of a proposed security law from China were overshadowed by a further opening up of ec...

Tokyo Stocks Open Higher After Lifting State Of Emergency...
Tuesday, 26 May 2020 07:23 WIB

Tokyo stocks opened higher on Tuesday after Japan lifted a nationwide state of emergency over the coronavirus, gradually reopening the world's third-largest economy. The benchmark Nikkei 225 index wa...

Hong Kong Stocks Close Slightly Higher...
Monday, 25 May 2020 15:35 WIB

Hong Kong stocks finished Monday with small gains, reversing a morning sell-off, but investors remain on edge after a weekend of protests in the city against a controversial security law proposed by B...

Tokyo Stocks Close Higher on Virus Hopes...
Monday, 25 May 2020 13:28 WIB

Tokyo stocks closed higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index rose 1.73 percent o...

LATEST NEWS
Tokyo Stocks Close Sharply Higher

Tokyo stocks closed sharply higher Tuesday as investors took heart from the lifting of Japan's coronavirus state of emergency and hopes for the gradual reopening of the world's third-largest economy. The benchmark Nikkei 225 index ended up 2.55...

Oil Prices Rise On Supply Cut Hopes, Easing Of Coronavirus Lockdowns

Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the...

School, Office Opened, New South Wales Preparing for Difficulties

The most populous state in Australia on Monday (5/25) mobilized all control staff to enforce social rules on public transportation. The surge in passengers is expected to occur while schools and offices are reopened and the number of cases of the...

POPULAR NEWS
Gold Falls as Potential Japan Stimulus Boosts Risk Appetite
Monday, 25 May 2020 15:13 WIB

Gold declined on Monday as Japanese equities rose on news of a potential stimulus program that boosted investors™ risk appetite, though fresh...

Gold Down Over Escalating U.S.-China Tensions
Monday, 25 May 2020 13:36 WIB

Gold was down in Asia on Monday morning, with escalating U.S.-China tensions continuing to impact demand for even the safe-haven asset. Gold...

US Marks Memorial Day as Coronavirus Toll Nears 100,000
Monday, 25 May 2020 18:51 WIB

Monday is Memorial Day in the United States “ a day set aside to honor the hundreds of thousands of U.S. servicemen and women who sacrificed their...

Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy
Monday, 25 May 2020 08:31 WIB

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in...