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Stocks and Bonds Are Plunging
Posted By kit On August 15, 2013 @ 11:17 am In Economic Crisis,Tile | Comments Disabled
Kaitlyn Kiernan and Min Zeng
Wall Street Journal
August 15, 2013
Stock and bond prices tumbled after stronger-than-expected economic data raised investor anxiety about a pullback next month in central-bank support for financial markets and two blue-chip U.S. companies offered disappointing profit outlooks.
The Dow Jones Industrial Average shed 205 points, or 1.3%, to 15134 in recent trade, on pace for its biggest point and percentage decline since June 20, when stocks fell 2.3%.
U.S. Treasury bond yields rose to their highest level in two years, amid a broad pullback in rich-country government bond prices.
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