The Dow Jones Industrial Average dove more than 800 points on coronavirus fears early Wednesday, as the record-breaking stock market rally took a breather. Dow Jones stock Apple eased from all-time highs, while Warren Buffett-backed StoneCo gave up recent buy point.
Blue chip stocks Apple (AAPL) and Microsoft (MSFT) lost 1.9% and 2.1%, respectively, in today’s stock market. Dow Jones stock Walmart (WMT) continues to trade below a new buy point. Stocks in or near buy zones include IBD Stock Of The Day StoneCo (STNE), Taiwan Semiconductor (TSM) and IBD Leaderboard stock Netflix (NFLX).
DJIA Today: Stock Market Losses Mount
The Nasdaq composite moved down 2.5% early Wednesday, backing off from Tuesday’s all-time highs. The S&P 500 fell 2.8%, while the Dow Jones industrials lost 2.9%.
Among exchange traded funds, Innovator IBD 50