U.S. stocks steady after plunge, but caution still reigns

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U.S. stocks steadied themselves Thursday amid hopes that the heart of the economy -- shoppers spending at stores and online -- can stay strong and help avert a recession.

Caution continued to dominate markets around the world, though, on worries that economies are already sliding down the slope.

Bond prices jerked up and down through the morning, much like markets around the world. Trading has been disjointed in recent weeks as investors flail from one moment of uncertainty around Trump's trade war to another. The Dow Jones Industrial Average rose 8 points to 25,487, and the Nasdaq composite was barely changed.

The 30-year Treasury yield fell to 2.01% from 2.02% and earlier dropped below 2% to a record low, a sign of concern among investors. When worried about weaker economic growth and inflation, they tend to pile into Treasurys, which pushes up their prices and in turn pushes down yields.

 

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'Plunge' yet it's still higher than last year. Lol. Same people that believe this recession crap believed war with NK and Iran was imminent and Jussie Smollett was assaulted in Chicago, of all places, by red hats.

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