Global stocks continued to decline on Tuesday, with the Dow almost matching its over 1,000 point drop from Monday and the S&P 500 and Nasdaq both continuing to fall sharply. Technology stocks like Apple
U.S. stocks really took a hit from the Centers for Disease Control and Prevention (CDC) outlining domestic outbreak planning after officials flagged that the coronavirus is likely to become a global pandemic. Due to the ongoing spread, health officials are now concerned that the virus will not be containable.
Here's how the market closed after another gloomy trading day:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, shares of the biotech Moderna
In Stock Sector News, all sectors took another harsh hit on Tuesday, with the total percentage decline being -3.03%. The performance decline is as follows: Energy -4.34%, Materials -4.30%, Industrials -4.03%, Financials -3.41%, Information Technology -3.18%, Health Care -2.95%, Consumer Discretionary -2.61%, Real Estate -2.57%, Communication Services -2.41%, Utilities -2.16% and Consumer Staples -1.75%.
Lastly, in Commodity and Currency News, crude oil prices tanked on Tuesday, with West Texas Intermediate