The Dow Jones Industrial Average fell 256.5 points, or 0.98%, to 25,864.78. The S&P 500 lost 51.57 points, or 1.71%, to 2,972.37 and the Nasdaq Composite dropped 162.98 points, or 1.87%, to 8,575.62. MSCI's gauge of stocks across the globe shed 2.05% and emerging marketstocks lost 2.62%. In Europe, the pan-regional STOXX 600 index fell 3.67%.
NEW YORK: Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
The 10-year Treasury yield fell to a record low of 0.69% as new milestones were set across the U.S. bond market, which this week has seen some of its biggest moves in years as the pandemic spreads outside China.
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