Dow drops 200 points as yields dip amid economic fears [CNBC]
WELLCARE HEALTH PLANS (WCG)
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Source: CNBC
Dow drops 200 points as yields dip amid economic fears show chapters Here's how economic confidence affects the markets 4 Hours Ago | 03:41 Stocks fell on Wednesday, tracking bond yields, as worries over a possible economic slowdown lingered. The Dow Jones Industrial Average traded 208 points lower. The S&P 500 and Nasdaq Composite declined 1 percent and 1.3 percent, respectively. Health care and tech shares lagged as the sectors both dropped more than 1 percent. The energy and communications services sectors also fell more than 1 percent. Abiomed and Advanced Micro Devices were among the worst-performing stocks in the S&P 500, sliding more than 4 percent each. The benchmark 10-year rate traded at 2.365 percent and hit its lowest level since late 2017. Investors are keeping an eye on rates after the 10-year fell below the 3-month rate last week for the first time since 2007. It is a development that investors call an inverted yield curve and is seen as an early indicator of a recess
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