Dow plummets 800 points on worsening global recession fears
Stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points -- the fourth largest daily point drop on record and the worst this year -- as increasing global recession fears drove Wall Street investors to the safety of U.S. government debt.
The yield, or interest rate, of the Treasury’s 2-year note exceeded the yield on the 10-year Treasury, an ominous signal, known as an inverted yield curve, that a recession is on the way.-- More...
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