Stock market live updates: The Dow dropped as much as 1,000 points at session lows, and the yield on the 10-year Treasury note fell to an all-time low of 0.899%.
The major averages plummeted at the open and haven't been able to make up any ground since. The Dow fell more than 1,000 points at the session low, and all the major averages are down more than 3%. Thursday's sharp slide follows Wednesday's relief rally, which saw the Dow post its second largest point gain on record. Investors continue to flee to so-called safety trades — the utility sector is tracking for its best week ever, and the yield on the 10-year Treasury is less than 1%.
The industrials sector is more than 4% lower, while communication services, discretionary, materials and tech are all down more than 3%. Utilites is the top-performer, with a decline of just 1.7%.of 0.899% as fresh bids for U.S. debt climbed thanks to rekindled coronavirus fears. The lowest reading on the 10-year yield was 0.899%, below its all-time low of 0.906% hit earlier in the week.
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