US markets flirted with its worst decline in more than 3 years in a roller -coaster day of trading that culminated with shares recovering from the depths of what began as a bonafide market rout Wednesday. U.S. stocks sold off amid the largest volume in nearly three years, as investors jettisoned risky securities and scrambled for the safety of government bonds as 10-year Treasurys surged and yields briefly dipped below 2%, until settling at a 52-week low. The DJIA fell as much as 460 points, but finished down 173.45 points to 16,141.74. The Nasdaq Composite hitted a low of 4117 but regained its footing and closed down 11.85 points to 4,215.32. The S&P 500 made a low of 1821 before closed down 15.21 points to 1,862.49.
Posted on: Thu, 16 Oct 2014 01:45:33 +0000
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