Stock market news March 11 2020
March 12, 2020
Stock market news, US stock market, March 11, 2020
“It’s officially a bear market, as major indices dive another 5%. On Wednesday, the Dow closed in a bear market, down over 5% (and down 20% from its intraday high last month), while the S&P 500 closed down nearly 5%. At midweek, markets have been on an exhaustingly volatile path, as major indexes plummeted over 7% on Monday, recovered up around 5% on Tuesday, and down about 5% on Wednesday.”, Source: https://fortune.com/2020/03/11/stock-market-coronavirus-bear-market-official-dow-jones-sp-500/
How stock market, US stocks closed on Wednesday, March 11, 2020-Financial and business news
- S&P 500: 2,741.38,-140.85(-4.89%)
- Dow 30: 23,553.22,-1,464.94(-5.86%)
- Nasdaq: 7,952.05,-392.20(-4.70%)
- Russell 2000: 1,264.30,-86.60(-6.41%)
Stocks biggest gainers
Vir Biotechnology, Inc. (VIR) was among stocks biggest gainers closing at
Stocks biggest losers
Norwegian Cruise Line Holdings Ltd. (NCLH) was among stocks biggest losers closing at 15.03-5.47 (-26.68%).
Stock investing | Stock trading | Most active stocks
Vale S.A. (VALE) was among most active stocks closing at 8.50-0.90 (-9.57%).
U.S. Sectors & Industries Performance
With the stock market selloff and the continuous selling pressure for stocks, all sectors closed lower. Health Care was the best performing sector -3.91%, Industrial was the worst perfoming sector -5.95%.
Notable earnings today include Slack Technologies, Inc. (WORK).
Stock market update
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.