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  • Dow slumps triple digits as Treasury yield curve inverts (recession indicator)

    12/27/2005 1:36:38 PM PST · by SierraWasp · 135 replies · 3,424+ views
    MarketWatch.com (by Dow Jones) ^ | 12/27/05 | Tomi Kilgore
    Dow slumps triple digits as Treasury yield curve inverts ($INDU, $COMPQ, $SPX, $TNX) by Tomi Kilgore NEW YORK (MarketWatch) -- U.S. stocks closed sharply and broadly lower, with the Dow industrials suffering its first triple-digit loss in 2 months, as the Treasury yield curve inverted for the first time in five years, sparking fears of a possible recession. The Dow ($INDU) slumped 105 points to an unofficial close of 10,778, its lowest close in 2 weeks and the biggest one-day point loss since Oct. 27. The Nasdaq Composite ($COMPQ) shed 22 points to 2,227 and the S&P 500 ($SPX) slid...