Worries that the global economy may be skidding back into a recession, and that little can be done to get it back on track, sent the markets plunging and traders rushing into safe-haven assets on Thursday morning.
Today’s Markets, EARLY
As of 9:35 a.m. ET, the Dow Jones Industrial Average tumbled 315 points, or 2.8%, to 10,809, the S&P 500 fell 31.9 points, or 2.7%, to 1,135 and the Nasdaq Composite plunged 70.3 points, or 2.8%, 2,468.
With global markets and U.S. equities in selloff mode, Treasuries rallied. The yield on the 10-year Treasury sunk to 1.776% from 1.868% — briefly touching a record intraday low. Yields on the German bund, one of Europe’s safety plays — fell sharply as well.
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