By Vintage Tone @ Shutterstock.com
It’s time for investors to focus on Treasuries. As stocks tumbled 3% yesterday, Sinead Carew wrote at Reuters:
NEW YORK (Reuters) – U.S. stocks tumbled on Wednesday, with the S&P 500 marking its biggest daily decline since Feb. 8, and technology stocks led the losses as rising U.S. Treasury yields sent investors fleeing from risky assets.
The Dow Jones Industrial Average .DJI fell 831.83 points, or 3.15 percent, and the Nasdaq Composite .IXICdropped 315.97 points, or 4.08 percent, to 7,422.05.
Read more here.
The following two tabs change content below.
Dick Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Dick Young (see all)
- Getting on the Map with Gold - October 19, 2018
- Get Rich Slow with This Strategy - October 17, 2018
- Rising Interest Rates Clobber Investors as Stocks Collapse? - October 12, 2018