D&S Blog Single Post

Bleak Earnings Swamp Stocks

Just posted to wsj.com:

By PETER A. MCKAY |

Faltering profits and fears of global recession sent stocks into a spiral Wednesday, nudging major indicators ever closer to their bear-market lows.

The Dow Jones Industrial Average slid for a second straight day, ending down 514.45 points, or 5.7%, at 8519.21, hurt by declines in all 30 of its components. The Dow has tumbled almost 750 points over its two-day slide and now stands about 640 points above its Oct. 10 intraday low, which traders are hoping will hold up as a market trough.

Read the rest of the article.

Leave a Reply

D&S Categories

Archives

Dollars & Sense
P.O. Box 209,
Portsmouth, NH 03802
Phone: (617) 447-2177
Fax: (617) 447-2179
Email us.

© 2021
Economic
Affairs
Bureau,
Inc.

%d bloggers like this: