Dow Recovers but Recession Alarm Hits Crisis Levels

Recession dollar stock red

After the Dow shed almost 1,000 points on Monday, stock market futures point to a slight recovery on Wall Street this morning.Tuesday’s bounce, however, is tainted by the Treasury’s recession indicator which plunged to a level not seen since before the 2008 financial crisis. As the trade war between China and the US escalates, the recession alarm is screaming.The Dow Jones Industrial Average shed 890 points on Monday, falling 3 percent in the biggest drop of the year so far. The slump was triggered after China “weaponized” the yuan by letting it fall beyond the key $7 level, in what was perceived as retaliation to Trump’s trade threats.Dow futures point to a rebound in the US stock market on Tuesday with a 212 point surge in pre-market trading. US stock market futures followed the European markets higher after China took steps to limit the yuan’s slide against the dollar.Elsewhere, Asian…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE