Wall Street ends down as Treasury yields fall on slowdown worries
Updated : March 28, 2019 06:25 AM IST
Benchmark 10-year Treasury yields slid but came off 15-month lows reached overnight, as investors remained focused on central bank dovishness globally. The yield curve inverted for the first time since 2007 on Friday and, if the inversion persists, some experts say it could indicate a recession is likely in one to two years.
Worries about global growth have risen recently amid weak economic data, and the Federal Reserve last week abandoned projections for any interest rate hikes this year.
The Dow Jones Industrial Average fell 32.14 points, or 0.13 percent, to 25,625.59, the S&P 500 lost 13.09 points, or 0.46 percent, to 2,805.37 and the Nasdaq Composite dropped 48.15 points, or 0.63 percent, to 7,643.38.