BREAKING: Stocks fall sharply as the bond market flashes a recession warning for first time since 2007. Dow industrials sink 800 points.
The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007.
Investors have been plowing money into long-term U.S. government bonds for months, sending yields sharply lower, as they anticipate slower economic growth.The Dow Jones Industrial Average fell 800 points, or 3%, to 25,479.Bond prices soared. The yield on the 10-year Treasury sank to 1.58% from 1.68% Tuesday, a big move.Stocks are falling sharply after the bond market threw up another warning flag on the economy.
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