Stocks slide on Wall Street, extending steep drops this week
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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 spread...
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