Economics

U.S. Stocks Tumble as Economic Worries Mount: Markets Wrap

  • 30-year yield hits record, 10- and two-year yields invert
  • Dow average sinks 800 points in broad market sell-off
The Fed needs to act on the inverted yield curve, says Jonathan Golub, chief U.S. equity strategist at Credit Suisse.Source: Bloomberg
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U.S. stocks suffered one of the deepest sell-offs of the year and Treasuries surged as mounting signs of a global economic slowdown stoked fears of an economic recession.