midmorning gains: The major US stock indexes veered lower in afternoon trading, shedding midmorning gains, as the market continued to be gripped by volatility, according to Nine News Australia. The latest slide added to the market's steep loss from a day earlier, when the S&P 500 had its worst day of the year as stocks tumbled after a fairly reliable warning signal of recession emerged from the bond market. To improve your experience update it here News WorldUS stocks veer lower in latest bout of market volatility By Associated Press9 45am Aug 16, around the world remain stuck in the spin cycle, as worries about a possible recession collided with hopes that the strongest part of the US economy shoppers spending at stores and online can keep going. Stocks in Asia and Europe started the latest wave of selling early Thursday after China said it would take necessary countermeasures if President Donald Trump follows through on a threat to impose tariffs on more than US 100 billion of Chinese goods on September 1. Markets around the world have jerked up and down for weeks. The US bond market, which has been among the loudest and earliest to cry out warnings about the economy, also continued to show concern as yields fell.
(news.financializer.com). As
reported in the news.
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