Worthy Christian News » US News » Dow plunges more than 1,000 points, falls into correction territory


Dow plunges more than 1,000 points, falls into correction territory

Thursday, February 8, 2018 | Tag Cloud Tags: , , ,

(Worthy News) - The Dow Jones industrial average plunged 1,033 points Thursday, its second-worst drop in history, extending its losses in the recent selloff to more than 10% and putting it officially into correction territory.

The blue-chip stock average’s recent drubbing, which follows its record 1,175-point drop Monday, has been fueled by fears that a long period of low interest rates and tame inflation that have boosted the economy and fueled a rapid rise in stock prices may be nearing an end as economic conditions improve.

“The Dow has been hit by a tsunami of volatility,” says Paul Schatz, president of Woodbridge, Conn.-based investment management firm Heritage Capital. “The market is repricing in a lot of factors at once. And rates have run up fast. The market always has a tough time when things happen in a linear fashion.” [ Source: USA Today (Read More...) ]

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Worthy Christian News » US News » Dow plunges more than 1,000 points, falls into correction territory

2 thoughts on “Dow plunges more than 1,000 points, falls into correction territory

  1. Or another way to say it is 3 trillion dollars has disappeared.

    Sounds more like reality that way, doesn't it?

    And the stock market isn't done yet. Wait another 30 days and the lose might end up being 1/2 of the total US debt. Would they call that another "correction" also?

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Worthy Christian News » US News » Dow plunges more than 1,000 points, falls into correction territory