Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 60° Partly Cloudy
News >  Nation/World

Stocks swoon, extending losses; Bond prices soar

Associated Press
Stocks are plunging as traders dump risky assets and park their money in investments seen as relatively safe, such as U.S. government bonds. The Dow Jones industrial average dropped 440 points, or 2.7 percent, to 15,873 as of 1:25 p.m. Eastern time Wednesday. The Standard & Poor’s 500 fell 53 points, or 2.9 percent, to 1,823. The Nasdaq composite fell 104 points, or 2.5 percent, to 4,122. The Dow is on pace for its worst drop since August 2011. All three indexes are now negative for the year. The S&P is down 9 percent from its record high reached Sept. 18. That’s close to the 10 percent drop that market watchers refer to as a “correction.” Bond prices soared as investors shifted money into safe-haven investments.
The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.