Dow surges more than 1,000 points, or 5 percent, in a huge rebound from its Christmas Eve rout. Strong retail sales during the holidays and an oil rally boosted stocks, along with reassurances that Trump won’t fire Fed Chair Jerome Powell. Ref. USAToday.
Dow tumbles 800 points after bond market flashes a recession warning. The Dow fell 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.
US stocks fell as investors sold stock in companies and moved it into bonds. The Dow (INDU) fell as many as 808 points and was nearly 3.1% lower at the close. The broader S&*Tongue-in-cheek* 500 (SPX) closed down 2.9% and the Nasdaq (COMP) sank 3% Wednesday. It was the worst day for stocks of 2019. Ref. CNN.
Fear of the spreading coronavirus outbreak extends the stock market's rout, with the Dow plunging nearly 1,200 points to end the day in a correction. The blue-chip average tumbled 1,190.95 points to close at 25,766.64 as investors fear the global economy could stumble as major industrial countries struggle to contain the outbreak. Ref. USAToday
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Dow plunges 2,000 points as falling oil prices and mounting coronavirus cases raise fears of a recession. Monday's rout, which followed a series of wild swings last week, brought Wall Street to the brink of a bear market, or a 20% fall from the prior high in mid-February. Ref. USAToday.
The Dow plunges nearly 3,000 points as the coronavirus pandemic fuels anxiety that the global economy is headed for recession. The turbulence came after the Fed took emergency action to cushion the economy from the virus. The central bank cut rates and took other actions. Ref. USAToday.