Dow falls 200 pts before bell on recession fears

Wednesday, 14. August 2019 12:23

Shares on Wall Street dipped in premarket trade on Wednesday after data from Germany and China showed a decline in GDP and industrial production, respectively, while growth in the euro area slowed as well with industrial production declining 1.6% in July. Meanwhile, the two-year to ten-year yield curve on the United States Treasuries inverted briefly.

Yesterday, stocks rallied on the announcement from Washington that it is delaying or removing tariffs on some Chinese products that were set to be implemented from September 1.

At 6:21 am ET, the Dow Jones Industrial Average index was down 216 points, or 0.82%. The Nasdaq 100 lost 1.06%, as the S&P 500 sank 0.83% at the same time.

The euro added 0.13% against the dollar at 6:22 am ET, selling for $1.11848.

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Breaking the News / NI