Finance

Stocks fall in volatile trading

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Dow Jones Industrial Average falls 128 points

The Dow slid 128.05 points, or 0.44%, to 29,219.98. The S&P 500 dipped 0.38% to 3,373.23. The Nasdaq Composite pulled back 0.67% to 9,750.96. A wave of risk-off sentiment, coupled with some technical factors, pressured the broader stock market.

Coronavirus and technicals lead to market swoon

The major averages hit their session lows around midday trading after a sudden move down. While the reason for the decline was not entirely clear, some traders pointed to some technical factors as well as a report from the state-run Global Times newspaper in China, which said coronavirus cases spiked at a hospital in Beijing. Others pointed to positions…



Source cnbc.com

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