The Dow plunges 400 points in just a few minutes - Here's why - 8|14|19

The Dow slid more than 400 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.

SEE WHAT'S DRIVING MARKETS NOW

Here's what happened: The 10-year Treasury bond yield fell near 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.
US stocks fell as investors sold stock in companies and moved it into bonds. The Dow (INDU) was about 1.5% lower. The broader S&P 500 (SPX) was down 1.4% and the Nasdaq (COMP) sank 1.6% Wednesday morning.

The Black Financial Channel is a news and business channel designed specifically for the African American community. We give daily financial updates on stock markets, investing and other related topics that appear in financial news.

The Black Financial Channel is sponsored by The Black Business School. To join The Black Business School and get started for free, please visit TheBlackBusinessSchool.com. You can also get free financial tips, advice and information from Dr Boyce Watkins by visiting DrBoyceWatkins.net

black wealth,black financial news,financial news,economic news,black wall street,powernomics,dr boyce watkins,stock market,stock market crash,dow jones,s&p 500,market crash,business news,latest news,dow jones today,dow jones today live,s&p 500 etf,