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Dow's 530-point midday drop puts the blue-chip gauge on the brink of re-entering
Dow's 530-point midday drop puts the blue-chip gauge on the brink of re-entering correction
A fresh tumble for the Dow Jones Industrial Average on Friday was putting the blue-chip benchmark on the verge of shedding 10% from its recent peak in October, which put the index back in correction. The Dow was most recently off 536 points, or 2.1%, at 24,420, with that decline placing it about 9% short of a dropping 10% from its Oct. 3 all-time high at 26,828.49, according to FactSet data. The decline comes amid fresh worries about trade relations between China and the U.S., with the S&P 500 index and the Nasdaq Composite Index also trading sharply lower on the day, even after a cooler-than-expected jobs report, showing that 155,000 jobs were created in November, offered some suggestion that the Federal Reserve may be more deliberate in raising borrowing costs in coming months. If the Dow were to tumble back into correction, it would join the S&P 500 and the Nasdaq.
https://finance.yahoo.com/m/bed691b...7e/dow's-530-point-midday.html?.tsrc=rss
Dow's 530-point midday drop puts the blue-chip gauge on the brink of re-entering correction
A fresh tumble for the Dow Jones Industrial Average on Friday was putting the blue-chip benchmark on the verge of shedding 10% from its recent peak in October, which put the index back in correction. The Dow was most recently off 536 points, or 2.1%, at 24,420, with that decline placing it about 9% short of a dropping 10% from its Oct. 3 all-time high at 26,828.49, according to FactSet data. The decline comes amid fresh worries about trade relations between China and the U.S., with the S&P 500 index and the Nasdaq Composite Index also trading sharply lower on the day, even after a cooler-than-expected jobs report, showing that 155,000 jobs were created in November, offered some suggestion that the Federal Reserve may be more deliberate in raising borrowing costs in coming months. If the Dow were to tumble back into correction, it would join the S&P 500 and the Nasdaq.
https://finance.yahoo.com/m/bed691b...7e/dow's-530-point-midday.html?.tsrc=rss
