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Stocks gave back most of their earlier Wednesday gains as the 10-year Treasury yield traded near record lows amid concerns over the coronavirus spreading even further.
The Dow Jones Industrials came off their highs of the morning, but remained ahead 76.85 points to venture into noon hour EST at 27,158.2
The S&P 500 recovered 6.75 points to 3,134.96. The S&P 500 tech sector entered correction territory Tuesday, falling 10% from its 52-week high, after posting a fresh record close just last Wednesday. Apple through Tuesday was down 12% from its recent high.
The NASDAQ stayed buoyant 42.19 points to 9,007.81.
The Dow completed on Tuesday its worst two-day stretch in two years while the S&P 500 had its biggest consecutive-days selloff in more than four years.
Prices for the 10-Year U.S. Treasury rebounded, lowering yields to 1.32% from Tuesday’s 1.34%. Treasury prices and yields move in opposite directions.
Oil prices faded 59 cents to $49.31 U.S. a barrel.
Gold prices dumped $6.60 to $1,643.40 U.S. an ounce.
