Dow rattled by recession fears
BUSINESS RECORD STAFF Aug 14, 2019 | 2:39 pm
1 min read time144 wordsAll Latest News, Banking & Finance
It’s been an up and down week for the stock market, with new signs of recession sending Dow futures reeling by as much as 410 points before today’s session started.
Economists reacted to bond yields for 10-year notes falling below the two-year bond’s level (for the first time since 2007), often a strong signal that a recession is coming.
Here’s what was reported around the world before the market opened. As of midmorning, the Dow Jones industrial average had fallen 581 points, or 2.21%.
MarketWatch: Dow futures down more than 400 points on weak Chinese, German economic data, U.S. yield-curve inversion
CNN: Dow tumbles after bond market flashes a recession warning
Investor’s Business Daily: Dow Jones futures tumble as treasury yield curve inverts, triggering recession fears
TheStreet: Dow futures slump on weak China data, German GDP dip; U.S. yield curve inverted