US stocks falls nearly 800 points after bond market flashes recession warnings
A screen displays the Dow Jones Industrial Average after the closing at the New York Stock Exchange in New York, US. August 5, 2019
Dire economic data from China and Germany suggested a faltering global economy, stricken by the increasingly belligerent US-China trade war, Brexit woes and geopolitical tensions. "It's a reactionary market right now and probably will continue to be," Carlson added. "My guess is we're probably in for this until after Labor Day."
Over 300 of the S&P 500's components are down 10 percnet or more from their 52-week highs, according to Refinitiv data. More than 180 of those stocks have fallen more than 20 percentage points from their 52-week highs, putting them in bear market territory. A US House of Representatives oversight panel called on Mylan NV and Teva Pharmaceutical Industries Ltd to turn over documents as part of a review into generic drug price increases.Facebook Inc slid 4.6 percent on news that the European Union's lead regulator is investigating how the social media company handled data during the manual transcription of users' audio recordings.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Markets Right Now: Dow drops 800 after bonds flash warningNEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign...
Baca lebih lajut »
Dow tumbles 800 points after bond market flashes a recession warningThe Dow slid more than 500 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.
Baca lebih lajut »
Dow tanks 800 points in worst day of 2019 after bond market sends recession warningStocks plunged in the worst trading day of the year. The U.S. bond market flashed a troubling signal: a yield curve inversion, which is a reliable indicator of economic recession. The Dow fell 3.05% as the S&P slid 2.93% and Nasdaq, 3.02%.
Baca lebih lajut »
Dow drops 800 points as roller coaster in markets continues.ABC NEWS SPECIAL REPORT: The Dow Jones plunged 800 points amid concerning economic indicators—the steepest drop yet this year.
Baca lebih lajut »
Dow ends around 800 points lower after bond market flashes recession signalStocks tumbled Wednesday after the main measure of the U.S. yield curve briefly inverted, heightening worries about a potential recession. The Dow Jones...
Baca lebih lajut »
Dow drops 800 points as Wall Street suffers worst day of year on recession fearsThe stock market retreated in response to the yield curve inversion, triggered by ongoing geopolitical turmoil and sluggish economic growth worldwide.
Baca lebih lajut »