Stocks rout deepens with banks leading latest plunge; Dow off 725 points

By Bloomberg

The sell-off in U.S. stocks deepened, taking financial shares to a 15-month low, as concern mounted that the rate of global economic growth has peaked. Oil slid as OPEC ministers met in Vienna.

The Dow Jones Industrial Average sank more than 700 points and the S&P 500 shed another 2.6 percent on bets that the truce between China and the U.S. won’t last after the arrest of Huawei’s chief financial officer. The 10-year Treasury yield plunged to the lowest since August amid a flood of buying on haven demand. Gold rose while industrial metals tumbled. The yuan dropped the most since [READ MORE HERE]

Source: OC Register

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