Business

Stocks swoon, extending losses; Bond prices soar

By The Associated Press
Published October 15, 2014 5:30pm ET
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Stocks swoon, extending losses; Bond prices soar
In this Oct. 8, 2014 photo, an American flag flies in front of the New York Stock Exchange in New York. U.S. stocks are plunging in early trading Wednesday, Oct. 15, 2014, as traders flee risky assets. (AP Photo/Mark Lennihan) | Mark Lennihan

Stocks are plunging as traders dump risky assets and park their money in investments seen as relatively safe, such as U.S. government bonds.

The Dow Jones industrial average dropped 440 points, or 2.7 percent, to 15,873 as of 1:25 p.m. Eastern time Wednesday.

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