Wall Street tumbles on rising fears of recession; main indices down 2%

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Stocks end mixed after a volatile day

Chipmakers were also down, with the Philadelphia chip index slumping 2.09%. The Dow Jones Industrial Average rose 99, or 0.4%, to 25,579.

The yield on 10-year Treasury slipped slightly to 1.57% following a sharp decline Wednesday.

The losses come a day after stocks rallied when the Trump administration delayed tariffs on about $160bn in Chinese goods that were set to take effect on September 1. "China trade war or have been too consumed by further evidence of global economic weakness to care", BMO Capital Markets strategist Stephen Gallo said.

The Dow Jones Industrial Average rose 129 points Thursday, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy.

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There were reports earlier this year that Tsai also is trying to buy the Nets' arena, Barclays Center in Brooklyn. Now, he is exercising an option to buy the rest of the franchise from Russian owner Mikhail Prokhorov.

On Wall Street, futures for the Standard & Poor's 500 Index and the Dow were up 0.5%.

It seems appropriate that an alcoholic beverage company was ringing the closing bell at the New York Stock Exchange on Wednesday, as USA stocks plunged all day on investor fears the bond markets were signaling a possible recession. The Nasdaq Composite was down 140.86 points, or 1.76%, at 7,875.50. The Nasdaq rose 0.3% to 7,794. The S&P 500 had added 37 points and the Nasdaq 116 by mid-Friday. Hong Kong's Hang Seng closed up 0.8% at 25,495.46.

Uncertainty about the outcome of the U.S. trade war with China has spurred a return of volatility to the stock market in August, the Dow has dropped more than 5pc and the S&P 500 is down more than 4pc.

Investors have been ploughing money into the safety of United States government bonds for months amid growing anxiety that weakness in the global economy could sap growth in the US. Although, with the bond market continuing to show signs of distress, this will place greater focus on next week's Jackson Hole Symposium, in which the topic is the "Challenges of Monetary Policy".

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Wall Street suffered a brutal morning Wednesday after the yield on the 10-year Treasury note briefly dipped below the yield of the 2-year note - the first time it's done so since 2005.

Still, others cautioned that while the inverted yield curve nearly always comes ahead of a recession, it doesn't say how soon an economic downturn is.

The Russell 2000 index of smaller company stocks slid 43.05 points, or 2.8pc, to 1,467.52.

ENERGY: Benchmark U.S. crude lost 9 cents to $55.14 per barrel in electronic trading on the New York Mercantile Exchange. National Oilwell Varco lost 5.3%, and Schlumberger fell 5.2%.

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L'international français est associé avec insistance au FC Valence et l'OM pourrait donc perdre l'un de ses meilleurs éléments. L'un des principaux cadres reste Florian Thauvin .

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