McRocket
Gold Member
- Apr 4, 2018
- 5,031
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- #1
'Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street.
The Dow Jones Industrial Average fell 791 points, or 3.06 percent, posting its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points. The S&P 500 declined 3.2 percent to close below its 200-day moving average as the financials sector lagged. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Nasdaq Composite also dropped 3.8 percent to close back in correction territory. Trading volume in U.S. stocks was also higher than usual on Wall Street.
The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers.
Stocks began falling to their lows of the day after Jeffrey Gundlach, CEO of Doubleline Capital, told Reuters this inversion signals that the economy "is poised to weaken."'
Dow plunges nearly 800 points on rising fears of an economic slowdown
Fugly.
BTW, the Russell 2K (small market) dropped 4.45% and the VIX (volatility index) shot up 25.3%.
Again...fugly.
The Dow Jones Industrial Average fell 791 points, or 3.06 percent, posting its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points. The S&P 500 declined 3.2 percent to close below its 200-day moving average as the financials sector lagged. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Nasdaq Composite also dropped 3.8 percent to close back in correction territory. Trading volume in U.S. stocks was also higher than usual on Wall Street.
The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers.
Stocks began falling to their lows of the day after Jeffrey Gundlach, CEO of Doubleline Capital, told Reuters this inversion signals that the economy "is poised to weaken."'
Dow plunges nearly 800 points on rising fears of an economic slowdown
Fugly.
BTW, the Russell 2K (small market) dropped 4.45% and the VIX (volatility index) shot up 25.3%.
Again...fugly.