Dow drops 800 points in worst day of 2019 amid recession fears | TheHill

U.S. stock markets had their worst drop of the year Wednesday, with the Dow Jones Industrial Average dropping 800 points, or 3 percent.

The drop comes as some forecasters warn of increasing odds of a recession, while President Trump has continued to hammer the Federal Reserve over its handling of interest rates.

In terms of point losses, Wednesday’s drop was the Dow’s 4th worst-ever day, though it did not crack the top 20 list in terms of percentage drops.

The latest plunge came after the yield for 10-year Treasury bonds fell below that for 2-year bonds, an economic indicator that frequently predicts a coming recession.

 

Source: Dow drops 800 points in worst day of 2019 amid recession fears | TheHill

Advertisements