These gains add to a rebound that started last week after the Dow posted its worst session of 2019. The 30-stock index plummeted 800 points, or 3.1% on Wednesday before regaining some of the lost ground on Thursday and Friday. The S&P 500 is still down 1.9% in August and off more than 3% from a recent record.
The People's Bank of China unveiled an interest-rate reform over the weekend aimed at lowering borrowing costs for Chinese companies. In Germany, the government isin case the country's economy falls into a recession. Economic growth in China and Germany has slowed down this year amid tighter trade conditions, leading investors to rush into safe havens like the 10-year Treasury note.
"An inverted yield curve has predicted 10 of the last 7 recessions. In other words, it isn't as accurate a predictor of economic downturns as widely believed," Yardeni wrote in a note to clients. "It can be misleading, having given three false signals of a recession."on the horizon in the U.S. after a volatile week for markets.
Lol ,a tepid comment all indexes up,&move on. Nasdaq 8000 ,dow up 250! Since when down 250 you pound the table&say recession on way:,and I get minutely updates about market down . On Up days ,crickets .Cnbc used to be trusted news by traders, not anymore of my circle of traders
mr_jettlife
ClosingBell The market always goes up and down. Silly to scream recession right away.
Treasury yields rebounded for profit taking?
A weird recession we're all witnessing here ...
Good to know. Everything back to normal.
This was predictable. Only douche bag democrats would want a recession.
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