Dow Jones Plummets More Than 700 Points

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U.S. stocks plunged Wednesday as a known predictor of recessions Opens a New Window. gave a strong signal that an economic downturn is coming. At one point, the Dow was down as much as 700 points, before paring the decline slightly.


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Investors are also concerned about weakening economic data in Europe and Asia.

The spread between the interest rate, or yield, of the U.S. 2-year and 10-year bonds turned negative for the first time since 2007. Normally, the yield on the longer-dated bond is higher than that of the shorter-dated bond. But as investor fears increase, they sell stocks and move money out of longer-dated bonds into shorter-dated bonds, which drives down the yield on such assets.

Read more at foxbusiness.com

 

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!