Wall Street

Breaking bad, Wall Street edition

Photo: Spencer Platt/Getty Images

The markets are tanking — the S&P 500 is down 8% in last two months alone — as investors brace for bumpy, if not bad, times ahead.

The big thing: The simple fact that this record period of growth will undoubtedly come to an end, in America and globally. A closely watched bond-market bellwether is this close to flashing a recession signal, Axios' Felix Salmon writes.

Stocks take another plunge

Stock trader with hands over his face.
Photo by Spencer Platt/Getty Images

The Dow Jones Industrial Average lost 2.24%, or 559 points, after a weaker-than-expected jobs report and continuing trade tensions between the U.S. and China. Both the Dow and S&P 500 are now down for 2018, while the Nasdaq is up just under 1%.

The big picture: A week that began with optimism about trade ended lower due, in part, to pessimism about trade.

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