Dow tumbles 3.1% in Wall Street stocks rout

NEW YORK: Wall Street stocks plummeted on Wednesday amid worsening economic fears after US Treasury yields briefly inverted, flashing a warning sign for a coming recession.for the economic woes and the yield curve inversion, saying the US central bank is a bigger threat than China and is"clueless."The Dow Jones Industrial Average fell 800.49 points to finish at 25,479.42 - its worst day of 2019.

The sell-off came shortly after the yield on the 10-year US Treasury note briefly dipped below the yield on the two-year, a dynamic that has been a reliable harbinger of past recessions. "China is not our problem ... Our problem is with the Fed," Trump tweeted, blaming"clueless Jay Powell and the Federal Reserve."

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks open higher on Wall Street gains[TOKYO] Tokyo stocks opened higher on Wednesday, following rises on Wall Street, as concerns over the US-China trade row eased after President Donald Trump delayed tariffs on key Chinese goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »