Coronavirus: Wall Street slumps, investors seek shelter in bond and gold

The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.

US stock markets tanked and the Dow Jones Industrials shed more than 800 points on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in the perceived safety of bonds and gold.
 

The outbreak, which spread to four new U.S. states on Thursday, has crippled supply chains and prompted a sharp cut to global economic growth forecasts for 2020.

Yields on long-dated US Treasury notes hit all-time lows, wiping out the dollar's single greatest attraction for investors - higher interest rates.
 

That pressured rate-sensitive bank stocks, with the S&P financial index nursing some of the