NASDAQ

EQT Partners announces IPO on Nasdaq Stockholm

EQT Partners, a Sweden-based private equity firm, formally announced plans to IPO on the Nasdaq Stockholm.

Why it matters: It would be the largest European private equity firm listing in over two decades, and the first major global buyout firm listing since The Carlyle Group in 2012.

Stocks plummet on fears of recession

Data: FactSet; Chart: Axios Visuals

The Dow Jones Industrial Average fell 800 points — or 3.05% — on Wednesday, after the bond market flashed a warning sign that's predated every recession for the past 50 years.

Why it matters: Wednesday was the stock market's single worst day of 2019. The "yield curve inversion" — which President Trump called "crazy" — comes when short-term Treasury bonds yield a higher rate than the long-term variety.