$2.9 trillion
$2.9T ‘Wiped’ From Stock Market, Worst Day Since COVID-19: ‘Recession Fears Mounting’
Concerns of an impending recession are noticeably affecting the U.S. stock market, as a majority of stocks have had large sell-offs.
Advancers
Wall St kicks off 2024 on a dull note as yields rise, Apple dips
U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.
Adrian Gray
Market bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
10-year bond yields
Why a rout in government bonds is worrying
The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold.