Stocks retreat as Fed grows more cautious
NEW YORK —
Stocks and interest rates tumbled Wednesday as investors around the world took an bleaker view of the U.S. economy.
The Dow Jones industrial average fell more than 200 points and all the major indexes fell more than 2 percent. The yield on the Treasury’s 10-year note fell to its lowest level since March 2009 as investors sought the safety of government securities.
Companies across a wide range of industries were down Wednesday. Only 324 stocks rose on the New York Stock Exchange, while 2,564 fell, a sign that investors expecting all businesses to suffer if the economy continues to weaken.
