Dow Closes 1,030 Points Lower, Enters Correction Territory
https://www.msn.com/en-us/money/markets/dow-closes-1030-points-lower-enters-correction-territory/ar-BBIQDR5?li=BBnb7Kz Thursday February 8th, 2018 8:07 P.M. Seeded To The News Talkers By JBB...
Dow closes 1,030 points lower, enters correction territory
Stocks ended sharply lower today after a volatile session Thursday as strong earnings and economic data were not enough to quell jitters from higher interest rates on Wall Street.
The Dow closed 1,032 points lower, entering correction territory. This is the third drop for the Dow of greater than 500 points in the past five days. Despite the decline Thursday, the average is still a ways from its low for the week hit Tuesday of 23,778.74.
American Express and Intel were the worst-performing stocks in the index, sliding more than 5.4 percent. J.P. Morgan Chase, meanwhile, was down by more than 4 percent.
The S&P 500 pulled back 3.75 percent, reaching a new low for the week. The index also broke below its 100-day moving average and closed under 2,600, two important thresholds.
Dow Down Over 10% In One Week...
Oh, goody.
Are you going to make more cataclysmic and otherwise Debbie Downer predictions?
Please make sure to include the robber barons.
I was very disappointed that you did not use the terms "the 1% and the 99%" in your last treatise.
As you were.
well it's Obama's economy right? so it's his fault.
Nope. Once a year has passed it is officially the current president's market crash. Herbert Hoover meet Donald Trump...
oh ok, so going forward Trump gets all the credit?
It's just what it needed. Too many of those investors have a bad case of the "jitters" while climbing that "wall of worry". The market was way "overvalued" and needed a strong "correction" Not helping matters was all the almost instantaneous trading done by computers. These kind of perturbations are why are educated investors buy and hold, adjusting their portfolios only occasionally. Good bargains out there!
We agree. Will wonders never cease? The market is still in a price bubble based on market fundamentals...