The Dow Jones Industrial Average was trading at session lows on Wednesday morning as investor anxieties about a recession in the U.S. and elsewhere hurt...
The Dow Jones Industrial Average was trading at session lows on Wednesday morning as investor anxieties about a recession in the U.S. and elsewhere hurt buying. The Dow DJIA, -2.26% was off 730 points, or 2.8%, at 25,549, the S&P 500 index SPX, -2.29% was down 2.8% at 2,844, while the Nasdaq Composite Index COMP, -2.60% was down 3.1% at 7,768. Part of the impetus for stocks heading sharply lower was an inversion of the 2-year Treasury TMUBMUSD02Y, -5.
See Full Story After the yield curve inverts — here’s how the stock market tends to perform since 1978 The inversion of the main measure of the yield curve, or a negative spread between short-term and long-term yields, has preceded the last seven recessions. However, that doesn’t mean that recessionary jitters will spark a lasting selloff in equity markets.
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