A selloff in the riskier corners of the global market deepened, with stocks plunging and traders rushing to the safety of bonds as concerns about a slowdown in the world’s largest economy intensified. From New York to London and Tokyo, equities got pummeled. Almost 98% of the shares in the S&P 500 got hit, with the index on track for it worst session in about two years. Losses were more pronounced in the high-flying tech space, with the Nasdaq 100 heading to its worst start to a month since 2002. A gauge of the “Magnificent Seven” megacaps like Nvidia Corp. and Apple Inc. plunged almost 10% at one point. Just as stock markets were starting to […]
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