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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStocks drop amid fears about a slowing global economy
Stocks fell Wednesday, adding to the months steep losses, as a drop in global bond yields raised concerns about a slowing global economy.
The Dow was down 330 points after tumbling more than 550 points. The S&P 500 fell 1%, while the Nasdaq shed 0.6%. Wednesdays losses brought both the Dow and S&P 500 down more than 4.5% for the month. The Nasdaq was down 5.4% for August.
Investors moved back into havens like gold, just as they did on Monday when stocks dropped the most they have in a single day all year. Gold reached a more than six-year high.
Yields are collapsing and gold is soaring, said Peter Cardillo, a chief market economist at Spartan Capital Securities. Thats raising concern about the impact of the trade war on the economy.
https://www.msn.com/en-us/money/markets/stocks/ar-AAFsLfL?li=BBnbfcN
kozar
(2,138 posts)Prez Azz and his buddies are now buying buying buying.. Do we really think his tweets aren't done for a reason? He is manipulating the market via Twitter. and that make Twitter complicit. A week or so down the road,,something "good" will be tweeted or posted from an official agency and the cycle starts over. WE are being fleeced and don't even know we are the barbershop.
Koz
Wellstone ruled
(34,661 posts)in the Markets yesterday,and today,reality sets in. Not looking very positive down the road. Notice US Steel just laid off workers at their Poland Mills,which is their largest source of Steel Sales to the Auto's.
Eourpe is in deep trouble,and now with all these Tariff's,the world is heading towards a major Economic melt down.
Heard all the stories of Markets go up and Markets go down,but in the short run,the Middle Class takes it in the shorts,and the Working Poor get wiped out entirely. The lay offs are happening in real time.
duforsure
(11,885 posts)His puppet to do, while he cons people it'll help them, especially the farmers.