One of many sectors hit hard by the trade war: warehouse managers. Real estate investment trust Prologis’s shares have tumbled about 12% since April 2, while CBRE Group’s stock has declined 8%.

Recession fears are on the rise. The yield on the 10-year Treasury note dropped to around 4.077% in recent trading, down from 4.196% Wednesday afternoon, which was one of the lowest levels of the ...