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Stocks tumble, dollar soars and bonds plunge as recession fears grow
By Herbert Lash, Amanda Cooper & Tommy Reggiori Wilkes
From the Fed to Europe's currency crisis, here's what's behind this selloff in financial markets
By Patti Domm
Stock market news live updates: Stocks crater, oil plunges as Fed, growth fears intensify
By Alexandra Semenova
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
U.S. Composite PMI per @SPGlobal has moved lower but is still broadly consistent with solid GDP growth (in year/year terms) pic.twitter.com/462vvUtwuE
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Mohamed A. El-Erian
elerianm
Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve.
(Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU
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Mohamed A. El-Erian
elerianm
This goes some way in reconciling what had been a notable divergence between much of the macro data (strong) and quite a few of the bottom-up indicators (weaker).
#economy #growth #markets pic.twitter.com/OovJ1FVYBy
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ET NOW
ETNOWlive
US Market News: 3 reasons why Dow Jones fell 375 points, Nasdaq 101 points
www.etnownews.com/markets/us-market-news-3-reasons-why-dow-jones-fell-375-points-nasdaq-101-points-article-109608284
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Stock Markets Tumble as Recession Fears Return
By Joe Rennison, Eshe Nelson & Isabella Simonetti