Black Tues part duex - dow drops 800 points

Previous Topic Next Topic
 
classic Classic list List threaded Threaded
1 message Options
Reply | Threaded
Open this post in threaded view
|

Black Tues part duex - dow drops 800 points

Kurt Barlow
Administrator
What is it with Tuesdays?

"Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street.

The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points. "
-------------------------

NBC News is of course guessing as to the cause likely has far more to do with stocks simply being over-valued, but whatever the cause, it ain't fun for those who ride Wall Street.

Meanwhile, crypto has stopped its slide and begun to creep back up.

https://www.cnbc.com/2018/12/04/stock-market-dow-futures-fall-amid-us-china-trade-deal-skepticism.html
No matter what you do, you'll never ride away from you.