February 26, 2020
Stock market news for US stock market, US stocks, February 25, 2020
“Dow tumbles nearly 900 points as coronavirus fears continue.
US markets plummeted for the second straight day Tuesday, adding to Monday’s sharp losses as news about the spread of coronavirus gripped jittery investors.
The Dow (INDU) finished 879 points, or about 3.2% lower, bringing the index’s total loss over the past four days to about 2,267.
The index’s gains for the year had been wiped out Monday, and Tuesday marked its fourth-largest swing from highest to lowest point in a single session. At its lowest, the Dow was off by 963 points.
The Dow is now more than 8% below its most recent high, putting it close to correction territory. The Dow would need to fall a total of 10% to officially be in a correction.
The broader S&P 500 (SPX) closed down 3%, more than 7% below its most recent high. The Nasdaq Composite (COMP) fell 2.8%. The index is nearly 9% below its latest peak.”Source: https://edition.cnn.com/2020/02/25/investing/dow-jones-stock-market/index.html
How stock market, US stocks closed on Tuesday, February 25, 2020-Financial and business news
- S&P 500: 3,128.21,-97.68(-3.03%)
- Dow 30: 27,081.36,-879.44(-3.15%)
- Nasdaq: 8,965.61,-255.67(-2.77%)
- Russell 2000: 1,571.90,-56.21(-3.45%)
Stocks biggest gainers
Moderna, Inc. (MRNA) was among stocks biggest gainers closing at
Stocks biggest losers
Cornerstone OnDemand, Inc. (CSOD) was among stocks biggest losers closing at 39.42-15.63 (-28.39%).
Stock investing | Stock trading | Most active stocks
Advanced Micro Devices, Inc. (AMD) was among most active stocks closing at 47.57-1.55 (-3.16%).
U.S. Sectors & Industries Performance
Consumer Staples was the best performing sector -1.75%, Energy was the worst performing sector -4.34%.
Notable earnings today include Lowe’s (LOW) and pizza chain Papa John’s (PZZA), TJX Companies (TJX), Wendy’s (WEN), before market open; Square (SQ), Etsy (ETSY), Booking Holdings (BKNG), Marriott International (MAR), and Nutanix (NTNX) after market close.
Stock market update
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.