Stocks Ended Sharply Lower, Dow Tumbled 800 Points
- Wednesday, August 14, 2019, 16:31
- Stock Market
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U.S. stocks ended sharply lower on Wednesday, with the Dow tumbling 800 points, after the bond market flashed its brightest warning signal yet presaging a potential recession. The Dow Jones Industrial Average fell 800.49 points, or 3.05%, to 25,479.42. The S&P 500 dropped 85.72 points, or 2.93%, to 2,840.60. The Nasdaq Composite was down 242.42 points, or 3.02%, to 7,773.94.
Oil futures ended lower on Wednesday for the first time in five sessions, after a U.S. government report revealed that domestic crude inventories rose for a second week in row, and as the risks of an economic recession fed worries about energy demand. West Texas Intermediate crude for September delivery fell $1.87, or 3.3%, to settle at $55.23 a barrel. October Brent crude declined $1.82, or 3%, to $59.48 a barrel.
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