Finance
Traders ‘Liquidating Positions Everywhere’ Upend Markets
- Sell-off sweeps European bonds amid government stimulus plans
- Equities set for another leg down after Tuesday relief rally
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From funding stresses to headaches about trading from home, the Wall Street worry list is a long one right now. One item is creeping up that list fast: Unreliable havens.
Stocks tumbled anew on Wednesday as the turmoil sparked by the coronavirus continued to build. The S&P 500 Index slumped more than 5% at the open, almost erasing a bounce from a day earlier as it tracked losses in both Asia and Europe.