Dow drops nearly 900 more over coronavirus fears

A specialist rests his head in his hand as he works on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. U.S. stocks fell in midday trading Tuesday, a day after the market's biggest drop in two years. (AP Photo/Richard Drew)

NEW YORK (WTHR) — Stocks slumped and bond prices soared for the second day in a row as fears spread that the widening virus outbreak will put the brakes on the global economy.

The losses came a day after the market's biggest drop in two years when the Dow Jones fell 1,031 points.

Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low.

Mastercard joined a growing list of companies warning that the outbreak would hurt its finances.

The Dow Jones Industrial Average fell 878 points, or 3.1%, to 27,081.

The S&P 500 fell 97 points, or 3%, to 3,128. The Nasdaq lost 255 points, or 2.8%, to 8,965.