Economic Malaise Crushes Wall Street; Dow Dives 3%

FOX Business: The Power to Prosper Worries that the global economy may be skidding back into a recession, and that little can be done to get it back on track, sent the markets plunging and traders rushing into safe-haven assets on Thursday morning. Today's Markets As of 10:00 a.m. ET, the Dow Jones Industrial Average tumbled 351 points, or 3.1%, to 10,776, the S&P 500 fell 36.7 points, or 3.2%, to 1,130 and the Nasdaq Composite plunged 76.3 points, or 3%, 2,461. With global markets and U.S. equities in selloff mode, Treasuries rallied. The yield on the 10-year Treasury sunk to 1.776% from 1.868% -- briefly touching a record intraday low. Yields on the German bund, one of Europe's safety plays -- fell sharply as well.

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