Treasury yields fall as Dow slides into bear market

Fears over the economic fallout from the outbreak and uncertainty surrounding Washington's fiscal response drove theand into a bear market Wednesday, down 20% from the record close set just last month. Investors have flocked towards the perceived safety of government bonds amid the stock market rout.

The fall into a bear market for stocks marked the end of an expansion that began in 2009, and futures on Thursday pointed to another plunge of more than 900 points at the open.suspension of all travel from Europe for 30 days and met with the CEOs of the nation's biggest banks to discuss economic responses, after the World Health Organization officially declared the virus a pandemic.

On the data front, jobless claims figures for the past two weeks and PPI readings for February are due at 8:30 a.m. ET. Auctions will be held Thursday for $50 billion of 4-week Treasury bills, $40 billion of 8-week bills and $16 billion of 30-year Treasury bonds.

Definition of a bear market? S&P 500 or individual securities or commodities can be considered to be in a bear market if they experience a decline of 20% or more over a sustained period of time - typically two months or more.

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Wall Street tumbles, Dow confirms bear marketWall Street stocks plunged on Wednesday, with the Dow confirming a bear market for the first time since the financial crisis after the WHO called coronavirus outbreak a pandemic WHO Don’t let clowns on twitter tell you trump is responsible for this. He is not responsible for a highly contagious global pandemic that originated in China. The market is tanking because of this market externality not Trump. WHO What about Dec 2018? WHO Globally, the new coronavirus is named Pompeo-virus.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Here We Go Again: Dow Dives As Stocks Near A Bear MarketThe Dow Jones Industrial Average fell sharply again Wednesday after staging a rally a day earlier. Major indexes were down around 20% from their peaks in February, signaling an end to the bull market. -- Sounds like the 'Correction' we've been waiting for, with the Coronavirus' effect as catalyst. realDonaldTrump told me it was only a 3 year run. Rawr!
La source: NPR - 🏆 96. / 63 Lire la suite »