As noted by Time Magazine, the U.S. stock market had its worst day in 8 months on Wednesday, as the S&P 500 fell by 3.29%. The decline continued today, with the S&P 500 losing an additional 2.06%, even as bond yields continued to subside after the previous sharp spike up from October 2-5.
Meanwhile, pressure continued to grow on the Trump Administration to respond more forcefully to allegations that Saudi Crown Prince, Mohammad Bin Salman, had Jamal Khashoggi, a U.S. resident who wrote for The Washington Post, murdered. Robin Wright had broken the story, “Did the Saudis Murder Jamal Khashoggi?”, for The New Yorker on Sunday.
Time: “5 Reasons the Stock Market Just Had its Worst Day in 8 Months”
Bloomberg: “A $1 Trillion Powder Keg Threatens the Corporate Bond Market”
Politico: “‘Sweep it under the rug’: Fears grow Trump won’t confront Saudis over journalist’s disappearance“
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