Global stocks took a nosedive and bond prices soared as investors reacted to unsettling data from the United States, according to Reuters. The sudden drop in stock prices sent shockwaves through financial markets worldwide, causing panic among investors. The surge in bond prices indicated a flight to safety as investors sought refuge from the uncertainty in the stock market. The US data that spooked investors remains a cause for concern, with many unsure of what the future holds for the global economy.