Day: December 4, 2018💾

"In a worrisome sign for the economy, the interest rate on short-term U.S. Treasury securities actually rose above that of longer-term instruments. The unusual phenomenon is known as an inversion of the yield curve, something that hasn't occurred since 2007. It often signals a slowing of growth and perhaps even a recession, economists believe. Uncertainty about the economy spilled over into the stock market on Tuesday. The Dow Jones Industrial Average was down nearly 600 points, or about 2.3 percent, in afternoon trading."