The Dow industrials fell more than 500 points and bond yields tumbled as the U.S.-China trade battle fueled investors' flight to safety
Stocks declined Wednesday after government-bond yields tumbled, a flight to safety prompted by investors’ fears about global growth and the U.S.-China trade and currency battle.
The S&P 500 fell 0.8%, while the Dow Jones Industrial Average dropped more than 300 points, or 1.2%. The Nasdaq Composite fell about 1% shortly after the opening bell. The move down comes a day after stocks rebounded slightly to break a streak of declines amid trade tensions.
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