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
- Dow 30
- Russell 200