Stocks, Bonds Sink in Broad Retreat From US Assets: Markets Wrap

Heavy selling lashed Wall Street anew Monday, with longer-dated Treasuries joining stocks and the dollar in a deepening slump, after President Donald Trump’s censure of Jerome Powell’s interest-rate policy sowed angst among investors already coping with a global trade war.

Trump’s assurances that tariff talks were progressing did little to stop the rout. The S&P 500 and other major US stock indexes tumbled around 2.5% each in light trading, while a gauge of the dollar weakened to a 15-month low. The benchmark 10-year fell with the yield reaching 4.4%. As investors turned away from US securities, haven assets climbed. ...