U.S. stock market dives as Europe offers sell signal
At its height, the major stock indexes were all down 8%, with the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 10,520, -347.87, -3.20%) diving almost 1,000 points before halting its decline.
Yields on 10-year treasury notes dropped the most since September 2008 and the euro fell to a new 14-month low, below $1.26.
“The markets have an eerie feeling similar to the timeframe when Lehman went down,” said Andrew Brenner, head of emerging markets at Guggenheim Securities…
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