US stocks slide 3% as recession fears grip markets
Trump blames Fed for economic woes, saying the US central bank is a bigger threat than China and is ‘clueless’
14 August 2019 - 22:56
New York — Wall Street sold off sharply on Wednesday as recession fears gripped the market after the US Treasury yield curve temporarily inverted for the first time in 12 years.
All three major US indexes closed down about 3%, with the blue-chip Dow posting its biggest one-day point drop since October after 2-year Treasury yields surpassed those of 10-year bonds, which is considered a classic recession signal...
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