Dow Falls 370 Points, Bonds Rally on Trump Turmoil: Markets Wrap
Bloomberg ------ The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since Brexit and volatility spiked higher as the turmoil surrounding the Trump administration roiled financial markets around the globe. Major U.S. stock indexes tumbled the most in eight months, while the CBOE Volatility Index jumped the most since the U.K. voted to leave the European Union, shattering the calm that gripped markets in the past month as the crisis threatened to derail the policy agenda that helped push equities to records as recently as Monday. The 10-year Treasury yield sank toward 2.20 percent in its steepest decline since June. The spread between 10-year and two-year yields narrowed to the flattest since before Trump’s election. The dollar weakened to a level last seen in November. Emerging-market equities halted a seven-day rally. Gold futures extended a rally to six days. To learn more click on the picture below to read the article.