The yield on the 10-year Treasury, a closely watched barometer for the U.S. economy, briefly hit a record low, sliding to below 1.25% Thursday, down from 1.34%. The yield on the three-month Treasury bill edged up to 1.50%. The inversion in the yield between the 10-year and the three-month Treasurys is a red flag for investors because it has preceded the past seven recessions.
Financial markets have been spooked by concerns the deadly virus will hinder the longest U.S. economic expansion on record, which is approaching its 11th year. Data released Thursday showed the U.S. economy grew at a moderate 2.1% annualized pace in the fourth quarter, the Commerce Department said in its second estimate.
President Donald Trump announced late Thursday the United States was stepping up its efforts to combat the virus outbreak. Shortly after Trump spoke, the government announced that another person in the USA was infected – someone in California who didn't have the usual risk factors of having traveled abroad or being exposed to another patient.
Friday: 2000+ drop tomorrow
Thank the Dems for destroying your 401K
That’s because NOBODY BELIEVES TRUMP AND COMPANY are trustworthy to combat a serious outbreak; smh
Worst day in history of the stock market. The day after trump “reassures” the nation.
TrumpVirus
-3,581.39 points in the DOW over the past week. The S&P 500 fell 4.4 percent today, the worst single-day slide since August 2011. The index is on pace for its worst weekly performance since the 2008 financial crisis.
Top 8 Largest Dow Jones Drops in American History. 1) Trump: -1,191 2/27/20 2) Trump: -1,175 2/5/18 3) Trump: -1,032 2/8/18 4) Trump: -1,031 2/24/20 5) Trump: -879 2/25/20 6) Trump: -831 10/10/18 7) Trump: -800 8/14/19 8) Trump: -799 12/4/18 MAGA
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