US President Donald Trump’s Europe travel ban announced sent all three major US stock indexes into a tailspin, slamming the book on the longest-running US bull market on record.
The Nasdaq posted a record closing high for a 10th straight session, its longest such streak since 1997.
Investors rode out another turbulent day on Wall Street that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain.
Stocks plummeted amid worsening economic fears after US Treasury yields briefly flashed a warning sign for a coming recession.
The Wall Street bond yields hit their lowest since 2017. Dow Jones is down 0.93%, with the S&P 500 down 0.85%, and Nasdaq down 0.39% as well.
Third straight rout end worst week for Dow, Nasdaq since the financial crisis a decade as a host of concerns ranging ranging from political bickering to interest rate hike dampen investors' mood.
Stock investors have become increasingly nervous about lofty equities valuations, a likely peak in corporate earnings momentum, faster rate hikes in the United States and an ongoing Sino-US trade war that threatens to hurt world growth.
Tesla Inc said it was voluntarily recalling Model S sedans built before April 2016 in order to replace bolts in the power steering component.
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