The 10-year treasury bond yield sank to record lows
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| | | 2/26/2020 | |
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| Dow Gives Back Gains as U.S. COVID-19 Cases Rise | | By Patrick Martin | | The Dow turned in its fourth-straight triple-digit loss today, as the rapidly spreading coronavirus continues to grip Wall Street. The blue-chip index let an over 460-point gain slowly slip throughout the day, after the Food and Drug Administration (FDA) warned COVID-19 was on the cusp of a pandemic and the U.S. confirmed a new case. The S&P 500 and Nasdaq both pared away large gains as well, although the latter was able to fight back into the black by close. It wasn't just equities that reversed course; the 10-year treasury bond yield pivoted lower and fell to a new record low of 1.3%. Continue reading for more on today's market, including: - What to do with this drug stock and COVID-19.
- Target stock just took a hit ahead of earnings.
- Plus, COVID-19 hits Papa John's stock; three stocks targeted by options traders; and E-Trade bounces back.
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