Dow drops 200 points, heads for 4-day losing streak after ECB slashes European growth forecast
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Summary
Against the euro, the greenback traded 1.1 percent higher at $1.1181.Treasury yields fell, with the 10-year note rate sliding to 2.63 percent while the 2-year yield dipped to 2.47 percent.Thursday's moves come after the major indexes fell in the previous session, with investors eager to know details from trade negotiations between the U.S. and China.Data out on Wednesday showed that the U.S. trade deficit remains a problem. The S&P 500 and Dow are both up more than 9 percent this year while the Nasdaq has risen about 11.9 percent.Tim Courtney, chief investment officer at Exencial Wealth Advisors, said progress in U.S.-China trade talks along with the Fed signaling a more patient approach to rate hikes boosted stocks to start off the year.
As said here by Fred Imbert