DJIA25400.64
LIVE-147.63(-0.58%)
NDX9416.71
LIVE-25.34(-0.27%)

Wall Street Tumbles On Rising Fears Of Recession


Wednesday, 14 August 2019 23:34 WIB

S & P 500Wall StreetSaham AS


c_740_198_16777215_00_images_assets_USMARKET_1493307820697.jpg

Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.

Yields on the two-year Treasury notes rose above the 10-year yield for the first time since 2007, a metric widely viewed as a classic recession signal.

The interest-rate sensitive bank index slipped 3.7% and the broader financial sector fell 3.0% in response.

At 11:07 a.m. ET, the Dow Jones Industrial Average was down 557.26 points, or 2.12%, at 25,722.65, the S&P 500 was down 62.63 points, or 2.14%, at 2,863.69. The Nasdaq Composite was down 190.71 points, or 2.38%, at 7,825.65.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks finished the morning session on a negative note Friday as investors nervously await a news conference by Donald Trump later in the day in which he is expected to outline the US respon...
  • Hong Kong stocks dropped more than one percent at the open Friday on fears about China-US tensions after Donald Trump said he would hold a news conference later in the day on the latest developments. ...
  • Tokyo stocks opened lower on Friday, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 percent or 123.03 points at 21,793.28 in e...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.