NEW YORK - Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 and 2 percent as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn.
A weaker-than-expected Markit PMI reading of U.S. factory activity in March, along with similarly dour reports from Europe and Japan, helped send U.S. Treasury yields into an inversion, with the spread between yields of three-month Treasury bills exceeding those of 10-year notes for the first time since 2007.
Earlier in the week, the U.S. Federal Reserve concluded its two-day monetary policy meeting with a statement that forecast no additional interest rate hikes in 2019 on signs of economic softness, a dovish shift that surprised the markets. Of the 11 major sectors in the S&P 500, all but defensive utilities and consumer staples were in the red.Nike Inc shares dipped 5.8 percent after the sportswear company’s North American sales fell short of estimates.
This 464 guy not for the first time appears in your top news from the Wall Street. Is there any reason for that? Special sweetheart...?
I'm poor, that's no affect me .😥
DEM. SOCIAL VS CAPITALISM 1)Dem/Social Clinton gives Capitalist Bush a good economy. Cap. policies destroy it in 7 yrs. 2)Dem/Social Obama gives Capitalist Trump a good economy. Cap. policies destroy it in 4 yrs. 7 yrs to 4 yrs. At lease CAPITALIST ARE GETTING MORE EFFICIENT😂
Trump, trumping America.
Baltic Dry Index, January ISM reports, this was out there for us to see coming.
464 never once said:
$40 billion lost in agriculture because of Trumps China tarriffs. realDonaldTrump is bankrupting America
the bond inversion algorithm has to finish running then back to bull market.
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