Fear Of A Stall Hits Market
(Smart Money) — American stocks and bond yields fell sharply as concerns mounted that the economy might be in for a slowdown. The Dow Jones Industrial Average fell 2.6% back below 10000 on slumping U.S. consumer confidence, the downward revision of a Chinese economic indicator and worries about the health of Europe’s banks. Yields on 10-year Treasury notes fell below 3% to their lowest level since April 2009, a sign investors were seeking out safe investments.
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