Bond yields sink, stocks fall as investors demand safety in midst of coronavirus uncertainty

NEW YORK (AP) — Stocks and bond yields fell further Friday, but they had been on pace for even sharper losses before easing up in the last hour of trading.

The S&P 500 clawed back more than half its loss amid hints from Federal Reserve officials that they may offer more support to the economy.

The 10-year Treasury yield was at 0.76%. It rallied back from a record low below 0.70% but was still down sharply from a day before.

Markets have been on a roller coaster for weeks as investors try to guess what the economic damage from the coronavirus will be.

Worries about the economic fallout from the fast-spreading virus have had markets on a roller coaster for weeks.

They also completely overshadowed a strong report on U.S. jobs Friday.

Dow Jones Averages - Major Market Indexes

New York Stock Exchange 12352.03 down 241.00

NYSE MKT Exchange 2149.77 down 42.96

Nasdaq composite 8575.62 down 162.98

Standard and Poors 500 2972.37 down 51.57

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