Stock market news for US stock market, March 3, 2020
“Stocks sell off after Federal Reserve delivers emergency rate cut. U.S. stocks traded choppily and then sold off after the Federal Reserve delivered an emergency rate cut Tuesday morning.
Dow ends nearly 800 points lower, giving back more than half of Monday’s gains
Each of the three major stock indices ended Tuesday’s session off more than 2.5%. The Dow shed nearly 800 points, reversing Monday’s more than 1200-point advance.
Here’s where the markets settled at the end of regular equity trading:
S&P 500 (^GSPC): -2.81% or -86.86 points to 3,003.37
Dow (^DJI): -2.94% or -785.91 points to 25,917.41
Nasdaq (^IXIC): -2.99% or -268.08 points to 8,684.09
Gold (GC=F): +2.59% or +$41.30 to $1,636.10 per ounce
10-year Treasury (^TNX): yielding 1.013%, down 7.5 bps”
How stock market, US stocks closed on Tuesday, March 3, 2020-Financial and business news
- S&P 500: 3,003.37,-86.86(-2.81%)
- Dow 30: 25,917.41,-785.89(-2.94%)
- Nasdaq: 8,684.09,-268.08(-2.99%)
- Russell 2000: 1,486.08,-32.41(-2.13%)
Stocks biggest gainers
Genworth Financial, Inc. (GNW) was among stocks biggest gainers closing at 4.8000+0.6200 (+14.83%).
Stocks biggest losers
Schrodinger, Inc. (SDGR) was among stocks biggest losers closing at
Stock investing | Stock trading | Most active stocks
Advanced Micro Devices, Inc. (AMD) was among most active stocks closing at 46.75-0.71 (-1.50%).
U.S. Sectors & Industries Performance
Real Estate was the best performing sector -0.10%, Information Technology was the worst performing sector -3.79%.
Notable stock earnings today include American Eagle Outfitters (AEO) and Zoom Video Communications (ZM).
Important economic news today about the U.S. economy, are the releases of the February readings of the ISM Non-Manufacturing Index and ADP jobs report.
Stock market update
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.