Dow Jones Industrial Tumbles 800 Points, Oil Prices Drop – Fourth Largest Daily Point Drop on Record
By Space Coast Daily // August 14, 2019
ABOVE VIDEO: Dow plunges 800 points amid recession fears
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.
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