Sino-Singapore Jingwei Client, February 26th. On Tuesday, Eastern time, panic continued to spread, clouding over US stocks, and the three major stock indexes fell collectively again. Both the Dow and S & P 500 fell more than 3%, while the Nasdaq fell nearly 2.8%. After the previous transaction plummeted more than 1030 points, the Dow fell another nearly 880 points, setting a new low since October last year.

Timeshare chart of the Dow. Source: Wind

At the close, the Dow fell 879.44 points, or 3.15%, to 27081.36 points; the Nasdaq fell 255.67 points, or 2.77%, to 8896.61 points; the S & P 500 index fell 97.68 points, or 3.03%, to 3128.21 points.

In terms of sub-sectors, large US technology stocks closed down across the board again. Apple fell 3.39%, Amazon fell 1.82%, Naifei fell 2.34%, Google fell 2.36%, Facebook fell 1.97%, and Microsoft fell 1.65%.

The majority of U.S. energy stocks fell, Exxon Mobil fell 381%, Chevron fell 3.79%, ConocoPhillips fell 4.54%, Schlumberger fell 5.11%, and EOG Energy fell 4.23%.

U.S. financial stocks ended collectively lower, JPMorgan Chase fell 4.42%, Goldman Sachs fell 3.12%, Citigroup fell 4.25%, Bank of America fell 3.34%, Bank of America fell 4.98%, Wells Fargo fell 2.80%, and Berkshire Hathaway Down 1.85%.

Most of the hot stocks closed down, Alibaba fell 0.08%, JD.com fell 1.35%, and Baidu fell 1.11%; 500 Lottery fell 15.8%, Tuniu fell 6.78%, Renren fell 4.37%, Sogou fell 4.17%; Meiyoupin rose 26.18%, Worry-free English rose 14.43%, Weilai Automobile rose 13.92%, and Ruixing Coffee rose 3.59%.

According to Reuters, stock markets and oil prices have fallen further as investors' concerns over the spread of the new coronavirus have intensified.

European stock markets continued to decline, the British FTSE 100 index fell 138.95 points, or 1.94%, to 7017.88 points; the French CAC40 index fell 112.19 points, or 1.94%, to 5769.68 points; the German DAX index fell 244.75 points, or 1.88%, to report 12790.49 points.

In terms of international oil prices, WTI crude oil closed down 1.53 US dollars, a decline of 2.97%, fell below the 50 US dollars / barrel mark and closed at 49.90 US dollars / barrel. Brent crude oil closed down 1.35 US dollars, or 2.4%, to close at 54.95 US dollars / barrel.

Not only that, the safe-haven asset gold has also been affected. The most active April gold futures price on the New York Mercantile Exchange gold futures market fell 26.6 US dollars to close at 1,650 US dollars per ounce, a decrease of 1.59%.

In addition, the US dollar index fell, and as of late trading in New York, the US dollar index against the six major currencies fell 0.38% to 98.9820. (Zhongxin Jingwei APP)