Stocks slide after bond market warns again of recession

Stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy.

Weak economic data around the world also unnerved investors, who flipped back into selling mode after driving a rally Tuesday on hopeful signals that the U.S.-China trade war may not be worsening so much. The S&P 500 fell 1.7%, as of 10 a.m. Eastern time, giving back all of the prior day's jump after the U.S. delayed some of the tariffs threatened on Chinese imports. The Dow lost 435 points, or 1.7%, to 25,841, and the Nasdaq composite lost 1.9%.

If all this talk about yield curves sounds familiar, it should. Other parts of the curve have already inverted, beginning late last year. But each time, some market watchers cautioned not to make too much of it. Academics tend to pay the most attention to the spread between the three-month Treasury and the 10-year Treasury, which inverted in the spring. Traders often pay more attention to the two-year and 10-year spread.

Macy's plunged 17.9%, the sharpest loss in the S&P 500, after it slashed its profit forecast for the year. The retailer's profit for the latest quarter fell short of analysts' forecasts as it cut prices on unsold items. In Asia, Japan's Nikkei 225 rose 1%, the Kospi in South Korea gained 0.7% and the Hang Seng in Hong Kong added 0.1%.

jmichaelkell Winning my ass

It’s the first day of school for students in Gilroy. There is cops fire trucks blearing out their serions all over this town right now for the past thirty minutes. What’s happening?

Are we winning? Making America what? Vote Blue 2020

I threw up after reading about how worried these poor little rich people are about their investments.

Yikes!

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