The Dow Jones Industrial Average sank more than 800 points on Wednesday afternoon, its biggest point decline of the year and fourth-largest drop ever. Other markets similarly tanked, following news that the two-year Treasury note yield traded above that of the 10-year note on Wednesday for the first time in more than a decade. The inversion increased recession fears. An inverted yield curve often serves as an early warning of a looming recession because it suggests monetary policy and financial conditions are constraining the economy. Bank stocks led the decline on Wednesday, aiding the S&P 500 in its 2.93 percent slump. President Trump criticized Federal Reserve Chair Jerome Powell for decisions that he claimed are "holding us back" and causing the "CRAZY INVERTED YIELD CURVE."
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