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US stock market report March 22 2019

Major stock market indices declined with large losses

The Dow Jones index dropped more than 450 points, and S&P 500 posted worst day since January on worries over economy, economic slowdown and worries about a yield curve inversion.

“The spread between the 3-month Treasury bill yield and the 10-year note rate turned negative for the first time since 2007 — thus inverting the so-called yield curve — according to Refinitiv Tradeweb data. An inverted yield curve happens when short- term rates surpass their longer-term counterparts. This is considered by investors as a trustworthy indicator of a recession coming in the near future.”, source: MSN

Close price as of Friday, March 22, 2019:

  • S&P 500
    2,800.71-54.17(-1.90%)
  • Dow 30
    25,502.32-460.19(-1.77%)
  • Nasdaq
    7,642.67-196.29(-2.50%)
  • Russell 200
    1,505.92-56.49(-3.62%)

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