US stocks fell on Wednesday, as investors reeling from rising trade tensions fled riskier assets for perceived safer havens and the bond markets signalled a higher risk of recession. The premium on three-month Treasury bill rates over 10-year Treasury yields, a closely watched US recession indicator, was at its most elevated levels since March 2007. The Dow Jones Industrial Average was down 243.45 points, or 0.94%, at 25,786.07, easing from a near 600 point drop. The S&P 500 was down 20.97 points at 2,860.80 while the Nasdaq Composite was down 33.21 points at 7,800.06. (reuters)
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Wall Street retreats as bond market fuels recession fears
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Aug 08, 2019
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