The past week was a volatile one for the Dow Jones Industrial Average. The trading resulted in two plunges amounting to 1000 points each. This was interpreted as a 10% decline from the previous highs that were experiences by investors previously. With Wall Street showing signs of calmer trading, a 500-point upswing has arrived to calm investors. Terry Sandven, chief equity strategist of U.S. Bank Wealth Management remarked: "The rollercoaster trading pattern of last week obviously caused investors to experience stress and uncertainty." Many strategists, along with Terry, conclude that it's premature to expect we've reached the bottom and that we can only go back up. This sudden rapid drop has had many effects on international markets, such as the Australian index (dropping by 0.3%). Markets are typically expected to recover from correction in four to five months, so for now we wait for the equalization of our economy. Until then, we must avoid raising the deficit, which will actually be the result of President Trump's new budge proposal.
Original Story: http://money.cnn.com/2018/02/12/investing/stock-market-dow-today/index.html
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