UNITED STATES (VOP TODAY NEWS) — Major Wall Street indices closed on Wednesday in negative territory, as US government bond yields resumed their fall, and inversion of the yield curve increased fears about a slowdown in the US economy.
Yield indicative 10-year US government bonds fell, but moved away from the lows of 15 months.
According to some experts, if the inversion of the US state bonds yield curve, fixed on Friday for the first time since 2007, persists, this may indicate the likelihood of a recession in the next year or two.
Shares of banks and financial companies declined, and the S & P 500 financial index lost 0.4 percent.
“The inversion of the yield curve is precisely what worries investors, and that’s why we are seeing a sale,” said Alan Lanz, president of consulting company Alan B. Lancz & Associates Inc in Toledo, Ohio.
The Dow Jones index slowed down 0.13 percent to 25.625.59 points, the S & P 500 index dropped 0.46 percent to 2.805.37 points, the Nasdaq Composite index dropped 0.63 percent to 7.643.38 points.
Shares of Centene Corp. fell 5 percent after the insurance company announced that it would buy its smaller rival WellCare Health Plans Inc for $ 15.27 billion. WellCare paper jumped 12.3 percent.
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
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