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Stocks plummet, yields fall amid Credit Suisse turmoil
U.S. shares plummeted Wednesday as two economic prints showed a slowdown in the U.S. financial state in February, though fresh new turmoil at Credit history Suisse (CS) renewed investor issues about the banking sector. The S&P 500 (^GSPC) dropped .7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, whilst the Dow Jones Industrial Normal (^DJI) lost /9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Contracts with the technological innovation-hefty Nasdaq Composite (^IXIC) pared earlier losses and ended just earlier mentioned the flatline. Bond yields plummeted. The yield on the benchmark 10-yr U.S. Treasury notice moved down to 3.49{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Wednesday from 3.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Tuesday. On the front end of the produce curve, two-12 months yields fell to 3.89{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Oil fell to new lows on the yr, with…