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August 15, 2019

Dow plunges 800 points after bonds flash recession warning

By STAN CHOE and ALEX VEIGA
AP Business Writers

The threat of a recession doesn't seem so remote anymore for investors in financial markets.

The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past recessions. Weak economic data from Germany and China also fanned fears of a global slowdown.


 
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