Wall Street Tumbles on Global Economic Slowdown Fears - News Summed Up

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Wall Street Tumbles on Global Economic Slowdown Fears


Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. Capping five tumultuous days of trading, the S&P 500, the Dow and the Nasdaq were all down for the week. An indication of near-term risk, and seen by many as a potential harbinger of recession, the inverted Treasury yield curve seemed to confirm investor fears of a global slowdown in economic growth. Of the 11 major sectors in the S&P 500, all but utilities ended the session in the red. The S&P 500 posted 54 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 25 new highs and 87 new lows.


Source: Ethiopian News March 22, 2019 12:45 UTC



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