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Dow suffers worst day of 2019 as recession fears hit US stocks

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NEW YORK: Wall Street stocks plummeted on Wednesday (Aug 14) amid worsening economic fears after US Treasury yields briefly inverted, flashing a ...

NEW YORK: Wall Street stocks plummeted on Wednesday amid worsening economic fears after US Treasury yields briefly inverted, flashing a warning sign for a coming recession.for the economic woes and the yield curve inversion, saying the US central bank is a bigger threat than China and is"clueless."The Dow Jones Industrial Average fell 800.49 points to finish at 25,479.42 - its worst day of 2019.

The sell-off came shortly after the yield on the 10-year US Treasury note briefly dipped below the yield on the two-year, a dynamic that has been a reliable harbinger of past recessions. "China is not our problem ... Our problem is with the Fed," Trump tweeted, blaming"clueless Jay Powell and the Federal Reserve."

 

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US: Stocks open sharply lower on recession fears[NEW YORK] Wall Street stocks were back in sell-off mode early Wednesday as weak economic data out of Germany and China exacerbated fears of a global slowdown. Read more at The Business Times.
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