How major United States stock indexes fared Tuesday

Ivan Schwartz
December 7, 2018

The Dow Jones Industrial Average decreased 799.36 points, or 3.10 percent, to 25,027.07. The Nasdaq Composite .IXIC dropped 33.57 points, or 0.45 percent, to 7,407.95 at the opening bell. The VIX Volatility Index was higher at 20.59 for a gain of 4.15 points or 25.24%.

"Violent volatility resumed as tumbling bond yields, a flattening yield curve and lingering questions about the G20 US-China trade truce combined to stoke increasing recession fears". The yield on the 10-year Treasury fell to 2.92 percent.

But late on Monday, the reverse happened: Five-year notes paid less than three-year notes, an indication that bond investors aren't too sure what the next few months will bring.

Trump, in a series of Twitter posts, threatened to slap a range of import penalties on Chinese products if they did not make major changes in their economic relationship with the United States. The Treasury held auctions for four-week bills at a rate of 2.320% and 52-week bills at a rate of 2.635%. Small-cap stocks were hit hard, with the Russell 2000 Index falling 68.21 points, or 4.4%. The S&P 600 closed at 925.06 for a loss of 44.71 points or -4.61%.

The Dow Jones Industrial Average sank nearly 800 points Tuesday.

NEW YORK, Dec. 4 (Xinhua) - U.S. stocks plunged on Tuesday, with all three major indices erasing more than 3 percent, amid worries over inverted yield curve signaling a possible economic slowdown. The contract for the Dow lost 1.6 percent and that for the S&P 500 declined 1.5 percent. -China trade truce reached over the weekend wasn't all it was cracked up to be.

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The US stock and bond markets will be closed on Wednesday to mourn the death of former US President George H.W. Bush. Silver rose 1 percent to $14.64 an ounce. The Nasdaq fell 283 points, or 3.8 percent, to 7,158.

AutoZone climbed 5.6 percent to $870.65 after the auto parts retailer delivered third-quarter earnings that exceeded analysts' forecasts. Brent crude, used to price global oils, dropped $1.48 to $60.08 per barrel.

The dollar weakened to 112.82 yen from 113.69 yen late Monday. The euro declined to $1.1330 from $1.1343. The British pound fell to $1.2716 from $1.2728.

Wholesale gasoline gained 0.8 percent to $1.44 a gallon. Japan's Nikkei 225 index gave up 2.4 percent and the Kospi in South Korea lost 0.8 percent.

The commodity was further boosted as the Canadian province of Alberta announced an 8.7 percent cut in oil production due to a glut of oil stuck in storage tanks.

Overseas, Germany's DAX lost 1.1 percent, while France's CAC 40 dropped 0.8 percent.

In Asia early Wednesday benchmarks fell by no more than 1.5 percent, the loss for the Hang Seng index in Hong Kong, which was at 26,860.43 by mid-morning.

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