The Dow Jones Industrial Average dropped 464 points, bringing its losses to more than 1,700 since last Friday. The broader S&P 500 index continued its slump, too, and is down 10.6 percent this month alone, with six days of trading to go.
“This is the classic shoot-first-and-ask-questions-later market,” said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute.
Stocks usually end the year with a flourish, and December is usually the best month of the year for the market. But this month has been dismal. Without a decent rally, this could be the worst December since 1931.
The S&P 500 is almost 16 percent below the peak it reached in late September. It is on track for its biggest one-month loss since February 2009 and its first losing year in a decade. (The index took tiny losses in 2011 and 2015 but ended those years higher once dividends were included.) Please Read More Here
Great way to end the year :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Better luck in 2019 😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit