Dow futures erase early gain, setting stock market up for big drop as Treasury yields sink

U.S. stocks were seen falling at the open on Wednesday as equity futures erased modest gains, amid a number of global central banks adopting easy-money policies in the face of an intensifying trade conflict between Beijing and Washington.

Adding to market jitters is growing fears of a recession in the U.S. against a weaken economic backdrop throughout the globe. A breach of that level on Monday, interpreted by some as an intentional weakening of its currency, helped to ignite a global stock market selloff and slump in bond yields, but markets have so far stabilized, despite the prospect of an uncertain timeline for a Sino-American trade resolution.

— Donald J. Trump August 7, 2019 ....proud to admit their mistake of acting too fast and tightening too much . They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW. Yield curve is at too wide a margin, and no inflation! Incompetence is a.....

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