Wall Street tumbles on global economic slowdown fears

NEW YORK - Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn.

An indication of near-term risk, and seen by many as a potential harbinger of recession, the inverted Treasury yield curve seemed to confirm investor fears of a global slowdown in economic growth. Interest rate-sensitive financial firms fell 2.8 percent, capping their worst week since the late-December sell-off.

Nike Inc shares dipped 6.6 percent after the sportswear company’s North American sales fell short of estimates. Boeing Co continued to fall, losing 2.8 percent as Indonesian airline Garuda canceled a $6 billion order for the company’s 737 MAX planes, citing customer fear in the wake of the Ethiopian Airlines crash.

😂 where are those gurus lies about two more years... please it’s two more days...

We have inexperienced people running our economic policy and they went for quick cash and ill advised tariffs.

Wow, even with Fedres promises of more free trillions$. This is a fake news bubble economy. The medicine 4 the GFC was hair of dog, loads more whisky for the patient. We're drunk on debt - & THE MAIN CULPRIT IS PRIVATE SECTOR DEBT, NOT GOVT DEBT! $printing failed. just more debt

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