New York (WBAP/KLIF) – In the early minutes of trading on Wall Street this morning, the Dow gained 100 points, a day after dropping 800 as all three major indices hit their lowest levels so far this year on fears of an impending recession.
Meantime, global stock markets fell sharply Thursday in the wake of Wall Street woes on Wednesday.
Investors have been eyeing new developments in the U.S. bond market, which on Wednesday focused on the fact the yield — or interest rate — on the benchmark 10-year Treasury bond dropped briefly below the two-year Treasury’s yield for the first time since 2007.
Such stats have predicted five previous recessions.
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Meantime, officials with the global relief agency Americares were on hand to ring the opening bell today in celebration of the agency’s 40th anniversary.
— NYSE – We Are Living Tech (@NYSE) August 15, 2019
Americares is a disaster relief and health-focused organization that responds to people affected by poverty or disaster with life-changing medicine, medical supplies and health programs.
(Copyright 2019 WBAP/KLIF 24/7 News)