The New York Stock Exchange ended in a disorganized order Wednesday after an eventful start to the session, the rise in rates on the bond market somewhat alleviating the fears of a sharp slowdown in growth.
Its leading index, the Dow Jones Industrial Average, dropped 0.09% to finish at 26,007.00 points, after dropping 2.3% at the opening. On the other hand, the Nasdaq, with its strong technological color, edged up by 0.38% to close at 7.862.83 points and the broad S & P 500 index by 0.08% to stand at 2.883.98 points.
Small panic of investors
Investors were a little panicked early in the session against the sudden tumble of interest rates on the bond markets. In the United States, the 10-year US debt benchmark rate fell below 1.6% for the first time since 2016, while the 30-year benchmark moved to its lowest level ever .
In Europe, Germany's 10-year borrowing rate, the Bund, has even fallen further into negative territory, to the floor of -0.6133%, which means that the investor who will keep this title until the end will lose money.