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Stocks Suffer Another Day of Sharp Declines Yesterday

Tuesday was another brutal day for the stock market despite a few flurries of positivity in recent days, with the Dow Jones Industrial Average plunging to its biggest decline in more than three decades. It shed 1.84% through the day, with other indexes also falling. SPX for example was down 1.60% at end of day, while the IXIC lost 0.95%.

Of course, continuing concerns surrounding the economic toll of the coronavirus prompted the losses, so it’s safe to say more could well be just around the corner. In this environment, gold is reigning supreme as the safest of asset classes. Prices fell slightly yesterday from highs of over $1600 to $1599.80. This creates a prime opportunity to buy now to bring some stability to your portfolio.

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