Shipping stocks and the broader market continued their roller-coaster ride Wednesday, falling amid an historic tumble on bonds after rising Tuesday on Trump tariff delays.
The Dow Jones Industrial Average declined 761 points through late afternoon to 25,530 as 10-year bond yields dipped below 1.6% this morning just under the 2-year Treasury bond yield.
Equities in multiple sectors — including shipping — followed this downward movement that marked the first decline below 2-year yields since 2007, rising fear of a recession.
