Stocks declined Wednesday after government-bond yields tumbled, a flight to safety prompted by investors’ fears about global growth and the U.S.-China trade and currency battle.
The S&P 500 fell 0.8%, while the Dow Jones Industrial Average dropped more than 300 points, or 1.2%. The Nasdaq Composite fell about 1% shortly after the opening bell. The move down comes a day after stocks rebounded slightly to break a streak of declines amid trade tensions.
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Fall of bond yield along with stock prices and interest rates,further rate cut competition along with global political discontent/violences may imply falling growth rate and scramble for maximising one's share out of declining global output/ incomes and possibly global recession?
Another twist!
keithboykin So Trump is doing a great job, eh WSJ Editors?
500 points is nothing compared to gains over past two years. China needs to be put into their financial place in the world. US has subsidized for too long.
And so, it begins.
Be greedy when others are fearful.
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