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For traders and investors alike to say the least. Session lows today 1,085 on the dow to claw back finishing lower by only 357, so folks down here were able to take a deep breath having seen that, but this was all on the coronavirus. It just rattled the market seven Straight Days of selling the worst week on wall street since the financial crisis, all three indices ending in correction. For the week the dow gave up 3,580 points and as investors rushed out of equities and oil, the rig assets moved into the safe haven of the u. S. Treasury, the yield on the 10 year setting a new alltime low, under 1. 2 . Now the Federal Reserve weighed in today, no rate cuts were on the horizon, but Jerome Powell told the markets that the fundamentals of the u. S. Economy remain strong but the coronavirus of course poses an evolving risk to ....
Well get into that as well. Deirdre bolton has all the fast moving developments from the big board. Neil what a week, what a week indeed. This is the worst week for the dow weve seen since 2018. Just the volatility alone today. As we can see down 470 points. We were down more than 900 points earlier. I want to highlight quickly some of the stocks that are limiting the losses on the dow. You have two pharmaceuticals, not a huge surprise in the backdrop of these fears about the coronavirus spreading and one staple which also does sell face masks. Merck and pfizer, we know merck has had a long history of developing vaccines. So you do have the stock moving higher limiting some of the losses. Pfizer as well, and 3m which does make the face masks. If you look at some drags on the average, part. Reason today, why were seeing so much weight you have apple, microsoft, two Huge Tech Companies that both have exposure to china. Apple in ....
For traders and investors alike to say the least. Session lows today 1,085 on the dow to claw back finishing lower by only 357, so folks down here were able to take a deep breath having seen that, but this was all on the coronavirus. It just rattled the market seven Straight Days of selling the worst week on wall street since the financial crisis, all three indices ending in correction. For the week the dow gave up 3,580 points and as investors rushed out of equities and oil, the rig assets moved into the safe haven of the u. S. Treasury, the yield on the 10 year setting a new alltime low, under 1. 2 . Now the Federal Reserve weighed in today, no rate cuts were on the horizon, but Jerome Powell told the markets that the fundamentals of the u. S. Economy remain strong but the coronavirus of course poses an evolving risk to ....
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Thanks much for watching, everyone. Im alex witt. A very historic day in news. A big week ahead here. Have a great week, everybody. Im david gura at msnbc headquarters in europe. The art of diplomacy President Trump in singapore this hour ahead of tuesdays his stork summit with north koreas kim jongun. When the two leaders will come face to face for the first time. A onetime shot . Thats what the commander in chief is calling the meeting, claiming hell know right away if north korea means business. And the president versus the Prime Minister en route to singapore for that meeting with a longtime adversary. President trump launched a twitter attack on our closest allies. We begin this afternoon with history in the making. President donald trump and north Korean Leader kim jongun both in singapore setting the stage for tue ....