Stocks slide after bond market warns again of recession
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August 14, 2019
NEW YORK (AP) — Stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy.
The yield on the 10-year Treasury briefly dropped below the two-year Treasury's yield Wednesday morning. It's rare for short-term yields to rise above longer-term ones, and when it happens, market watchers call it "an inverted yield curve" and brace for the possibility of a recession hitting in a year or two.
The Dow Jones Industrial Average dropped as much as 475 points in the first few minutes of trading before recouping some of its losses.
Weak economic data around th...
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