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Purveyor

(29,876 posts) Tue Mar 10, 2015, 05:00 PM Mar 2015

Dow Suffers Biggest Point Drop In 5 Months

Source: MarketWatch

NEW YORK (MarketWatch) — The Dow Jones Industrial Average suffered its worst one-day point drop in five months as investors began pricing in a rate hike by the Federal Reserve by the middle of the year, while other central banks are embarking on a quantitative easing path.

ECB’s bond purchases sent European government bond yields sharply lower, while euro fell to multiyear lows against the dollar, wreaking havoc on foreign exchange and commodity markets.

Tuesday’s free fall erased 2015 gains for the S&P 500 and Dow industrials, pushing the indexes slightly negative for the year.

The S&P 500 SPX, -1.70% closed 35.26 points, or 1.7%, lower at 2,044.2, it is biggest one-day percentage decline in nine weeks. Selling on Wall Street was broad-based, with all 10 main sectors finishing with losses.

Read more: http://www.marketwatch.com/story/us-stocks-futures-drop-as-dollar-surges-apple-in-focus-2015-03-10

4 replies

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Dow Suffers Biggest Point Drop In 5 Months (Original Post) Purveyor Mar 2015 OP

It's a large point drop, but under 2%, so SheilaT Mar 2015 #1

It seems to be the result edhopper Mar 2015 #2

Plus, of course, it's just one day. SheilaT Mar 2015 #3

Deutsche Bank edhopper Mar 2015 #4

SheilaT

(23,156 posts)

1. It's a large point drop, but under 2%, so

Reply to Purveyor (Original post)

Tue Mar 10, 2015, 05:27 PM

Mar 2015

nothing at all to worry about.

edhopper

(33,595 posts)

2. It seems to be the result

Reply to SheilaT (Reply #1)

Tue Mar 10, 2015, 06:15 PM

Mar 2015

of low unemployment and a strong economy and dollar. Yes it could mean a small rate hike. But it is one of those weird times when good news causes a drop.

SheilaT

(23,156 posts)

3. Plus, of course, it's just one day.

Reply to edhopper (Reply #2)

Tue Mar 10, 2015, 07:16 PM

Mar 2015

Wouldn't be surprised if today's drop is made up and then some by the end of the week.

For all who invest in the stock market, we still have two years of the Obama Presidency to go, and the market goes up under Democratic Presidents.

If a Republican is elected in 2016, that might be a time to do serious getting out of the market.

edhopper

(33,595 posts)

4. Deutsche Bank

Reply to SheilaT (Reply #3)

Tue Mar 10, 2015, 07:44 PM

Mar 2015

Thinks there is a chance of a 5% to 9% drop.

If a GOPer wins, the damage will be irreparable.

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