Stocks tumbled Wednesday after the main measure of the U.S. yield curve briefly inverted, heightening worries about a potential recession. The Dow Jones Industrial Average DJIA, -3.05% dropped around 801 points, or 3%, to end near 25,479, according to preliminary figures, while the S&P 500 SPX, -2.93% dropped around 86 points, or 2.9%, to close near 2,841. The Nasdaq Composite COMP, -3.02% shed around 242 points to close near 7,774, a loss of 3%.
Weak economic data out of the China and Europe had heightened worries about global economic growth, but a rally in the Treasury market that saw the yield on the 10-year note trade below the yield on the 2-year note for the first time since 2007 -- a phenomenon seen as a potential recession indicator -- accelerated a selloff in stock-index futures ahead of the opening bell.
Sell sell sell!!!! Lmao
Meh.
So much winning I can hardly stand it. I see nothing but a sea of red. And my plans to buy a house are now on hold.
Lemmings panicked. Will see if bloodbath continues tomorrow. That’s how a Ponzi/lottery scheme sometimes goes. But keep trusting your retirement assets will go straight up to the moon! Oh. Don’t worry about WallStreet They banked all your trading fees when you sold.
USD finally going to zero huh, nice
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow tanks 800 points in worst day of 2019 after bond market sends recession warningStocks plunged in the worst trading day of the year. The U.S. bond market flashed a troubling signal: a yield curve inversion, which is a reliable indicator of economic recession. The Dow fell 3.05% as the S&P slid 2.93% and Nasdaq, 3.02%. END THE FED. The central bank Printing money out of thin air for decades!! . AUDIT THE FED imo... Hey Donnie realDonaldTrump how this trade wars workingbout for ya? dowjones Remember diversification is most important in the market!
Source: CNBC - 🏆 12. / 72 Read more »
Dow sinks 730 points Wednesday afternoon as flashing recession signal rattles stock marketThe Dow Jones Industrial Average was trading at session lows on Wednesday morning as investor anxieties about a recession in the U.S. and elsewhere hurt... Well........NO SHIT!!! Thats what brokers get for trusting a moron in chief!!! People worry too much about short term moves, up 25% since inauguration, S&P 500 seems to be heading back to May numbers The treasury market (inverted or flat yield curve) is certainly signaling a coming recession. However, this is not a 100% certainty. The US large cap stocks have been plowing forward for several months. Earnings have been OK. Panic selling is rarely a good strategy. Stay tuned!
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia stocks set to trade lower as Dow falls below 26,000 amid geopolitical fearsStocks in Asia were set to trade lower on Tuesday following an overnight plunge on Wall Street stateside that saw the Dow Jones Industrial Average plunging more than 350 points. Yes MSSGA Trump's economy The big plunge is coming, sooner or later Dow Jones at nearly the exact same level as market close January 12th, 2018!! Art of the Deal, realDonaldTrump When? ffs
Source: CNBC - 🏆 12. / 72 Read more »
Dow tumbles 700 points after bond market flashes a recession warningThe Dow slid more than 500 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions. Stop messing with China and let the immigrants stay! Almost time to buy. America is still the worlds best place to place park your money. Winning!
Source: CNN - 🏆 4. / 95 Read more »