Dow Jones Sinks 1,000 Points and Bonds Hit Record Lows

Wall Street goes red again as investors flee stocks and seek haven assets amid ongoing market volatility

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, on March 5, 2020. Reuters/Andrew Kelly

In a sign of continued market volatility, Wall Street’s losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as the coronavirus death toll in the United States rose to 11 and travel-related stocks took a severe beating.

Investors dumped stocks and rushed to the safe havens, boosting gold prices by 1.8 percent and pushing the yield on the benchmark 10-year U.S. Treasury to a new record low.