Wall Street slides as bond market rallies on fears of recovery losing steam - Business News: Latest News & Videos about market and economy | Trendmergers

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Wall Street slides as bond market rallies on fears of recovery losing steam

The Dow Jones Industrial Average fell 326.2 points, or 0.94%, to 34,355.59, the S&P 500 lost 36.5 points, or 0.84%, to 4,321.63 and the Nasdaq Composite dropped 78.29 points, or 0.53%, to 14,586.77. Sensing cracks in the U.S. economic recovery, traders covered short positions in the bond market. The yield of the benchmark 10-year U.S. Treasury note fell for the eighth consecutive session.

from Stocks-Markets-Economic Times
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