Alva Review-Courier -

Stocks slide on Wall Street, extending steep drops this week

 

February 26, 2020



Major U.S. stock indexes gave up early gains and closed mostly lower Wednesday, extending the market's heavy losses for the week.

The benchmark S&P 500 fell for the fifth straight day after swinging between a 0.6% loss and 1.7% gain. Smaller company stocks bore the brunt of the selling. The bond market continued to flash warning signs as long-term Treasury yields fell further below short-term yields.

Worry about economic fallout from the virus outbreak that originated in China has fueled a sharp sell-off this week that's wiped out the market's gains for the year.

The virus continues to spre...



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