Wall Street capped a turbulent week with more losses for stocks and another steep drop in bond yields Friday as uncertainty over the spreading coronavirus roiled global markets.
The 10-year yield sank as low as 0.66%, a record, according to TradeWeb. A better-than-expected report on U.S. jobs wasn’t enough to allay investors’ worries about the economic impact of the virus outbreak. Technology stocks led the broad sell-off, which lost momentum in the final hour of trading.
The S&P 500 index fell 51.57 points, or 1.7%, to 2,972.37.
The Dow Jones Industrial Average slid 256.50 points, or 1%, to 25,864.78.
The Nasdaq lost 162.98 points, or 1.9%, to 8,575.62.
The Russell 2000 index of smaller company stocks fell 29.60 points, or 2%, to 1,449.22.