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All 11 sectors of S&P 500 and all 30 Dow components sink as stock-market losses gather steam

Stock market losses gained steam late-afternoon Wednesday, with the S&P 500 and the Dow heading to one of the their worst losses of 2019 in a broad-market selloff. The Dow Jones Industrial Average was down 762 points, or 2.9%, at 25,520, with all 30 of its components trading in negative territory, led by a tumble in shares of Boeing Co. , off 3.5% or down $11.76. Coca-Cola Co.’s stock had been the only constituent of the blue-chip gauge trading in the black until it gave up gains in late afternoon action. Meanwhile, all 11 of the S&P 500’s sectors were sharply lower, powered by declines in energy shares , off 3.8%, and financials , down 3.4%. Losses were being driven by an inversion of the yield curve, notably the 2-year Treasury note rising above the 10-year Treasury , a condition that tends to presage an economic recession in the coming months. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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