Dow Recoils as Bonds Surge, Oil Crashes & Recession Alarms Ring
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Summary
Wild volatility continues to run rampant on Wall Street, and the Dow Jones succumbed to another dizzying pullback on Wednesday.After plunging as much as 600 points, dip-buying dragged the DJIA to a more "respectable" 212.14 point (-0.81%) decline to 25,817.38.Once again, the trade war and collapsing yields lie at the heart of the issue for the Dow.Trump’s trade war is impossible to ignore, and the Chinese government’s weaker than expected yuan fixing spooked Asian stocks and sent crude oil plummeting.This weakness spilled over into the North American session, but early signs were optimistic as US stocks rallied aggressively from session lows.
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