Stock market live updates: Dow down 280, JPMorgan sees sell signals, hedge funds buy tech

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“As yields plummet, the bond market’s screaming ever louder at the increasing disconnect between its outlook for the economy and that of the stock market, which has been signaling increased optimism for growth stocks,” said Alec Young, managing director of global markets research at FTSE Russell. “It’s more than just the coronavirus. The most recent downturn in bond yields started before mid-January, when coronavirus headlines first broke out. It’s all about a gut check today.” —Chang

Deere, Home Depot and Prologis are among the 10 S&P 500 stocks that hit record highs despite the broader market’s decline on Friday. Exxon Mobil and Marathon Oil did not fare as well, however. Both stocks notched fresh 52-week lows, with Exxon hitting its lowest level since 2010 while Marathon traded at levels not seen since 2016. Here are some more stocks that climbed to all-time highs:

—Hayes, Imbert

Around two stocks at the New York Stock Exchange are falling for every advancer as the broader stock market heads for its first weekly decline in three. About 1,800 NYSE-listed stocks were trading lower while around 950 advanced. —Imbert

The major stock averages were down around midday as resurfacing fears over the coronavirus and its economic impact dented sentiment. The Dow traded about 200 points lower, or 0.7%. The S&P 500 slid 0.8% while the Nasdaq was down 1.2%. —Imbert

Source: https://www.cnbc.com/2020/02/21/stock-market-today-live.html

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