Reported 13 days ago
US stock markets slumped on October 16, 2025, with the Dow Jones dropping about 300 points due to ongoing worries regarding the US-China trade tensions and significant loan losses reported by regional banks like Zions Bancorporation and Western Alliance. The Nasdaq Composite fell 0.5% while the S&P 500 dropped 0.6%. Amidst this downturn, investors turned to bonds, leading to a decrease in 10-year Treasury yields, and gold surged above $4,300 per ounce, marking a new record.
Source: YAHOO