The Dow's stock dropped nearly 1,900 in 2 days as the coronavirus rattled global markets
After Monday’s 1000-point drop, major stock market losses continued on Tuesday as fears over the spread of the coronavirus intensified and investors fled risky assets in favor of safer ones, like bonds. 10-year U.S. Treasury yields hit a record low on Tuesday after the yield curve—a measure of the difference between 3-month and 10-year bond yields that is widely used as a recession indicator—inverted on Monday.
U.S. futures had rallied slightly overnight following Monday’s losses, seemingly pointing to a Tuesday rebound, but stocks largely remained in the red during the day.
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