Breaking News

Dow tumbles 400 points and breaks below 30,000 as recession fears mount

The Dow (INDU) tumbled 413 points, or 1.4%, in morning trading. The S&P 500 (SPX) fell 1.8% and The Nasdaq (COMP) composite was 2% lower.

The Dow remained below 30,000 points, a level it briefly breached Thursday. If the Dow ends the day below 30,000, it would be the first time it closed below that barrier since June 17. And a somewhat more sizable plunge could land the index at on a two-year low Friday.

Investors don’t have many places to make money at the moment: In addition to sinking stocks, the bond market is also selling off, sending US Treasury yields soaring to 11-year highs in recent days. The 10-year yield fell back a bit Friday but remains near 3.7%, and the 2-year yield is above 4.1%. That’s a much better return than you can get with stocks these days, so high bond yields are adding pressure on the stock market.

Wall Street also remains concerned that the Fed’s rate-hiking plan could continue to increase borrowing costs, hurting the corporate profits that support their stock prices. And if the Fed is serious about slowing the economy down to gain control of runaway inflation, a recession could cause some real pain for consumers who buy the products that publicly traded companies make.

In other words: There’s much to worry about on Wall Street. CNN Business’ Fear and Greed Index has fallen solidly into “Fear” mode in recent days and is nearing “Extreme Fear.” Investors don’t see much to smile about on the horizon.

Leave a Reply

Your email address will not be published. Required fields are marked *

bingo blitz credits generator brawl stars gems generator brawl stars hack free cash app money free cash app money clash of clans gems generator coin master free spins free coin master spins free spins coin master coin master free spins free coin master spins free spins coin master free fire diamond generator free fire hack generator free fire hack facebook account hack hack facebook account facebook account hack free fortnite skins generator free fortnite skins free fortnite skins generator free fortnite skins free amazon gift card generator free cash app money free cash app money free cash app money free cash app money free cash app money free cash app money free discord nitro generator free fire hack generator free fire hack free fire hack generator free fire hack gta 5 money hack how to get free robux free robux free robux generator kim kardashian hollywood hack free onlyfans hack free onlyfans hack free onlyfans hack free psn codes generator free robux free robux generator free robux free robux generator free royal match coins royal match hack steam gift card generator free xbox gift card generator facebook account hack hack facebook account facebook account hack facebook account hack hack facebook account facebook account hack how to get free robux free robux free robux generator free instagram followers generator free google play gift card generator free google play gift card generator playgd mobi add money hack playgd mobi add money online free google play gift card generator playgd mobi add money hack playgd mobi add money online free google play gift card generator free pokemon go spoofer free pokemon go spoofer free pubg mobile uc generator stumble guys gems generator stumble guys hack generator stumble guys hack stumble guys gems generator stumble guys hack generator stumble guys hack stumble guys hack generator stumble guys hack stumble guys hack generator stumble guys hack free tiktok followers free tiktok followers free v bucks free v bucks generator spider man no way home download free xbox gift card generator free xbox gift card generator zefoy.com tik tok zefoy.com source source source bingo blitz credits generator brawl stars gems generator brawl stars hack free cash app money free cash app money clash of clans gems generator coin master free spins free coin master spins free spins coin master coin master free spins free coin master spins free spins coin master free fire diamond generator free fire hack generator free fire hack facebook account hack hack facebook account facebook account hack free fortnite skins generator free fortnite skins free fortnite skins generator free fortnite skins free amazon gift card generator free cash app money free cash app money free cash app money free cash app money free cash app money free cash app money free discord nitro generator free fire hack generator free fire hack free fire hack generator free fire hack gta 5 money hack how to get free robux free robux free robux generator kim kardashian hollywood hack free onlyfans hack free onlyfans hack free onlyfans hack free psn codes generator free robux free robux generator free robux free robux generator free royal match coins royal match hack steam gift card generator free xbox gift card generator facebook account hack hack facebook account facebook account hack facebook account hack hack facebook account facebook account hack how to get free robux free robux free robux generator free instagram followers generator free google play gift card generator free google play gift card generator playgd mobi add money hack playgd mobi add money online free google play gift card generator playgd mobi add money hack playgd mobi add money online free google play gift card generator free pokemon go spoofer free pokemon go spoofer free pubg mobile uc generator stumble guys gems generator stumble guys hack generator stumble guys hack stumble guys gems generator stumble guys hack generator stumble guys hack stumble guys hack generator stumble guys hack stumble guys hack generator stumble guys hack free tiktok followers free tiktok followers free v bucks free v bucks generator spider man no way home download free xbox gift card generator free xbox gift card generator zefoy.com tik tok zefoy.com source source source bingo blitz credits generator brawl stars gems generator brawl stars hack free cash app money free cash app money clash of clans gems generator coin master free spins free coin master spins free spins coin master coin master free spins free coin master spins free spins coin master free fire diamond generator free fire hack generator free fire hack facebook account hack hack facebook account facebook account hack free fortnite skins generator free fortnite skins free fortnite skins generator free fortnite skins free amazon gift card generator free cash app money free cash app money free cash app money free cash app money free cash app money free cash app money free discord nitro generator free fire hack generator free fire hack free fire hack generator free fire hack gta 5 money hack how to get free robux free robux free robux generator kim kardashian hollywood hack free onlyfans hack free onlyfans hack free onlyfans hack free psn codes generator free robux free robux generator free robux free robux generator free royal match coins royal match hack steam gift card generator free xbox gift card generator facebook account hack hack facebook account facebook account hack facebook account hack hack facebook account facebook account hack how to get free robux free robux free robux generator free instagram followers generator free google play gift card generator free google play gift card generator playgd mobi add money hack playgd mobi add money online free google play gift card generator playgd mobi add money hack playgd mobi add money online free google play gift card generator free pokemon go spoofer free pokemon go spoofer free pubg mobile uc generator stumble guys gems generator stumble guys hack generator stumble guys hack stumble guys gems generator stumble guys hack generator stumble guys hack stumble guys hack generator stumble guys hack stumble guys hack generator stumble guys hack free tiktok followers free tiktok followers free v bucks free v bucks generator spider man no way home download free xbox gift card generator free xbox gift card generator zefoy.com tik tok zefoy.com source source source