LATEST: Stocks are sinking after the bond market threw up one of its last remaining warning flags on the economy.
Stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy.
Weak economic data around the world also unnerved investors, who flipped back into selling mode after driving a rally Tuesday on hopeful signals that the U.S.-China trade war may not be worsening so much. The S&P 500 fell 1.7%, as of 10 a.m. Eastern time, giving back all of the prior day's jump after the U.S. delayed some of the tariffs threatened on Chinese imports. The Dow lost 435 points, or 1.7%, to 25,841, and the Nasdaq composite lost 1.9%.
If all this talk about yield curves sounds familiar, it should. Other parts of the curve have already inverted, beginning late last year. But each time, some market watchers cautioned not to make too much of it. Academics tend to pay the most attention to the spread between the three-month Treasury and the 10-year Treasury, which inverted in the spring. Traders often pay more attention to the two-year and 10-year spread.
Macy's plunged 17.9%, the sharpest loss in the S&P 500, after it slashed its profit forecast for the year. The retailer's profit for the latest quarter fell short of analysts' forecasts as it cut prices on unsold items. In Asia, Japan's Nikkei 225 rose 1%, the Kospi in South Korea gained 0.7% and the Hang Seng in Hong Kong added 0.1%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stocks slide as unrest in Hong Kong shakes already-rattled investorsThe Dow Jones industrial average, S&P 500 index, and Nasdaq composite all fell during US trading on Monday.
Leer más »
A gun-free Vanguard fund unwittingly included gun stocks for a month'Though the exposure to these holdings was very modest, we regret that the error occurred and apologize to shareholders,' said a Vanguard spokesman.
Leer más »
CBS And Viacom Stocks Both Sink As Merger Deal Nears Close – UpdateUPDATED with closing stock prices. Shares of CBS slipped 2% after early gains and Viacom’s dropped 5% Monday as investors reacted to word that the companies were near the finish line in their…
Leer más »
Asia stocks set to trade lower as Dow falls below 26,000 amid geopolitical fearsStocks in Asia were set to trade lower on Tuesday following an overnight plunge on Wall Street stateside that saw the Dow Jones Industrial Average plunging more than 350 points.
Leer más »
The economy is not falling into a recession, but the slowdown stocks are working, Cramer says'The day-to-day action is going to favor the slowdown stocks and wreak havoc for the industrials, the technology stocks, and worst of all the financials,' Jim Cramer says.
Leer más »