Gloomy Economic Data Spark Selloff
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Several ominous American and global economic reports dimmed sentiment on Wall Street, sparking strong selling ahead of more releases on tap for later in the morning.
Today's Markets
As of 9:48 a.m. ET, the Dow Jones Industrial Average dropped 137 points, or 1.3%, to 11,013, the S&P 500 dipped 19.1, or 1.6%, points to 1,142 and the Nadsaq Composite fell 43.9 points, or 1.8%, to 2,437.
After a round of relatively upbeat data from the U.S. on Thursday, data was largely disappointing on Friday, but there were bright-spots. Indeed, in a sign of the fears, the Treasury yields have fallen sharply: the benchmark 10-year note is presently yielding 1.9% from 2.001%.
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Posted-In: FoxBusinessIntraday Update
