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Dow plunges more than 550 points as August swoon resumes on Wall Street
video Stocks fell sharply on Wednesday, adding to the month’s steep losses, as a drop in global bond yields raised concerns about a slowing global economy. The Dow Jones Industrial Average dropped 560 points, or 2.2%. The S&P 500 lost 1.9% while the Nasdaq Composite traded 1.7% lower. Wednesday’s losses brought both the Dow and S&P 500 down more than 5% for the month. The Nasdaq was down 5.8% for August. Investors moved back into safe havens like gold, just as they did on Monday when stocks dropped the most they have in a single day all year. Gold reached a more than six-year high. “Yields are ... (full story)
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