Worthy Christian News » US News » U.S. Economy » Stock market endures worst day in 18 months


Stock market endures worst day in 18 months

Friday, August 21, 2015 | Tag Cloud

wall-street-worthy-news

(Worthy News) - The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.

The global rout started in China, where sharp declines in energy and property stocks pushed the Shanghai Composite down more than 3 percent. That selling soon spread to European and U.S. markets, where the Standard & Poor's 500 index moved further below a closely watched trading level.

Investors, facing screens full of red, retreated to their usual places of safety: bonds, gold and cash.

"The emerging markets really got slammed overnight and that quickly spread to the rest of the world," said J.J. Kinahan, chief strategist at TD Ameritrade. [ Source ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » U.S. Economy » Stock market endures worst day in 18 months

3 thoughts on “Stock market endures worst day in 18 months

  1. America is not never was in a recession as claimed .. just existing on cooked books the cha-ching machine printing out money that constantly devalued the dollar and obama borrowing money from China who are them selves falling .. and China calling in America's IOUs and getting nothing because as America fighting the water to keep from drowning obama continues to wrap chains around America by sending US tax dollars arm and fund his islamic army and bring in illegals to house, fund and feed.. and do not think that many are not muslims .. they are .

Leave a Comment

Worthy Christian News » US News » U.S. Economy » Stock market endures worst day in 18 months