<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The latest episode of confusion caused by the virus led to the Dow Jones Industrial Average (^ DJI) to a bear market, ending the longest bullish streak in the history of US equities. The blue-chip index fell 5.9% on Wednesday and ended 20% below its February closing record. The S&P 500 (^ GSPC) plunged into bearish territory before closing 19% below its high. “data-reactid =” 24 “> The latest episode of confusion caused by the virus led to the Dow Jones Industrial Average (^ DJI) to a bear market, ending the longest bullish streak in the history of US equities. The blue-chip index fell 5.9% on Wednesday and ended 20% below its February closing record. The S&P 500 (^ GSPC) dipped into bearish territory before closing 19% below its high.
Signs that companies in the hardest-hit industries were cutting lines of credit to combat the effects of the virus on their businesses added to the anxiety.
“We have no idea when the coronavirus will decrease, the spread. That uncertainty will continue to create a lot of volatility, ”says David Spika, president of GuideStone Capital Management. “We have no idea how to model it, we have no idea what to expect from it.”
These are the main movements in the markets:
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All but 10 shares in the S&P 500 They fell on Wednesday, with each industry down at least 3.9%. Boeing fell 18% after reporting that it plans to detract from an entire $ 13.8 billion loan.
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An index of consumer service providers that includes hotels, cruise operators, Starbucks and Chipotle fell 8.3%.
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The municipal bonds They plummeted, leading to a 22 basis point rise in 10-year state and local government benchmark debt rates, the most since records began in 2011.
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The and in It rose 1%, while the euro advanced with the pound.
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The Petroleum it sank 4.2%, below $ 33 a barrel.
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The asian stocks they lost 1.7%.
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