Indexes declined as the number of coronavirus cases continued rising.
The S&P 500 dropped 3% to 3,290.68 in midday trading while the Dow Jones Industrial Average fell 2.9% to 26,662.74 and the Nasdaq lost 3% to 11,088.83.
The yield on a 10-Year Treasury bond was down 1.2% to 0.768%.
Crude oil fell 5.9% to $37.23 a barrel.
Gold ticked 1.6% lower to $1,881.
BIOTECH
Inari Medical Inc. (Nasdaq: NARI) fell 6.1% to $60.02 and a $2.9 billion market cap. Shares of the maker of devices to remove blood clots are now down 22% since Oct. 13. The shares are still up more than three-fold since its initial public offering in May.
REAL ESTATE
Shares of CoreLogic Inc. (NYSE: CLGX), a provider of real estate and insurance data, soared 13% to $77.29 and a $6.1 billion market cap. The Irvine-based company confirmed it’s “engaging with third parties” about a possible takeover with a value of $80 or more a share.
