mercredi 14 janvier 2015
Stop this stock market ride! I want to get off!
Posted on 14:23 by nice news
If Pepto-Bismol and Emetrol sales aren't surging at drug stores in lower Manhattan these days, they should be. The stock market is off to a nausea-inducing start to 2015.
Stocks plunged Wednesday. The Dow was down nearly 350 points in midday trading before bouncing back a bit. But it still finished the day with a 187-point loss. The reason for the sell-off? Investors were worried about a surprise drop in retail sales in December, weak results from megabank JPMorgan Chase (JPM) and a more bearish outlook about the global economy from the World Bank.
Related: 3 red flags causing the market to panic
Despite the big declines Wednesday, the Dow and S&P 500 are still not that far below their all-time highs. They are each just 4% off the records they hit in late December. That's still a long ways from a 10% correction.
Volatility has returned with a vengeance this January. The Dow has been moving up or down by at least 100 points nearly every day this year.
Stocks plunged Wednesday. The Dow was down nearly 350 points in midday trading before bouncing back a bit. But it still finished the day with a 187-point loss. The reason for the sell-off? Investors were worried about a surprise drop in retail sales in December, weak results from megabank JPMorgan Chase (JPM) and a more bearish outlook about the global economy from the World Bank.
Related: 3 red flags causing the market to panic
Despite the big declines Wednesday, the Dow and S&P 500 are still not that far below their all-time highs. They are each just 4% off the records they hit in late December. That's still a long ways from a 10% correction.
Volatility has returned with a vengeance this January. The Dow has been moving up or down by at least 100 points nearly every day this year.
Stop this stock market ride! I want to get off!
Categories: Stop this stock market ride! I want to get off!
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