RBC's E-Tail Pick

All three indexes are eyeing their first weekly loss since January

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Midday Market Check
 
 

2/21/2020

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Market Sell-Off Continues, Stocks Eye Weekly Losses

By Lillian Currens

Share On

Stocks are continuing their steep sell-off midday with the the Dow Jones Industrial Average (DJI) off almost 250 points at last check as an increase in coronavirus cases stokes investor anxiety. Things don't look much better for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), with the later dragged lower by a struggling tech sector. All three indexes are eyeing their first weekly losses since January. Meanwhile, April-dated gold is still surging, hitting yet another fresh seven-year high, up 1.6% at $1,647.20 per ounce at last glance.

Continue reading for more on today's market, including:

>> Continue reading...
LATEST HEADLINES

>> Coca-Cola Updates Guidance Amid Coronavirus Fears
KO hit a record high late last week
>> CHWY Stock Gets Boost on Bull Note
RBC upgraded CHWY to "outperform" from "sector perform"
>> Stock Futures Point to Lower Open
Stocks are eyeing another down day
>> Dow Sells Off, VIX Surges
Lingering COVID-19 fears may have triggered the midday sell-off on Wall Street
>> CAR Options Red-Hot After Blowout Earnings Beat
The shares of Avis Budget Group are trading near two-year highs after a fourth-quarter earnings beat
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(Full story here.)

 

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