Dow Jones Industrial Tumbles 800 Points, Oil Prices Drop – Fourth Largest Daily Point Drop on Record

By  //  August 14, 2019

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

ABOVE VIDEO: Dow plunges 800 points amid recession fears

(

Related Story:
) – Stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points — the fourth largest daily point drop on record and the worst this year — as increasing global recession fears drove Wall Street investors to the safety of U.S. government debt.

The yield, or interest rate, of the Treasury’s 2-year note exceeded the yield on the 10-year Treasury, an ominous signal, known as an inverted yield curve, that a recession is on the way.

Feeding fears of a global recession was a report that Chinese industrial production was climbing at its weakest rate in 17 years and Germany’s economy — Europe’s strongest — was actually shrinking.

Gold, often seen as a haven for investor assets, settled 0.91 percent at $1,515.90, a 52-week high and the highest level in more than six years.

CLICK HERE TO READ FULL ARTICLE ON FOX NEWS

CLICK HERE FOR BREVARD COUNTY NEWS


Click here to contribute your news or announcements Free