U.S. pre-market trading suggests a major selloff
Just after the unemployment claims number was released at 830AM ET in the U.S. markets took a sudden jolt down. U.S. stock futures cratered, European stock markets fell more and Dollar-Yen and U.S. bond markets rose. In fact, bonds rose so much that the two-year treasury yield fell below 1%.
Market indices are collapsing and Bloomberg Radio commentators are wondering aloud whether there is a specific trigger we are not seeing.
Pre-Market Data – CNN Money