Wall Street Falls As Recession Fears Grow

Credit: Wochit Business
Published on August 14, 2019 - Duration: 00:34s

Wall Street Falls As Recession Fears Grow

Wall Street main indexes dipped more than 2.5% on Wednesday, as U.S. bond market indicators pointed to recession risks.

Analysts fear the possibility of a recession following poor economic data from Germany and China.

The S&P 500 index has plummeted to 4.5% since President Trump announced a fresh round of tariffs on Chinese imports.

The unveiling of the new tariffs at the start of August places the S&P on track for its worst 3-week percentage slide in 2019.

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Wall Street Falls As Recession Fears Grow

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