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.
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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
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