The Dow Jones Industrial Average (DJIA) sold off aggressively on Wednesday after opening relatively flat. The sudden turn lower followed an incredibly bearish statement from Fed Chair Jerome Powell. The downturn accelerated after billionaire David Tepper said the stock market is ridiculously overvalued. The U.S. stock market appeared ready to take a breather after yesterday’s…
The Dow Jones fell 2,000 points on Thursday despite a historic intervention from the Federal Reserve. Pledging more than $1 trillion in repo interventions over the next few weeks, Jerome Powell is pulling out all the stops to fight the coronavirus. Dow bulls failed to take the bait, and the stock market quickly reversed most…
The Dow Jones Industrial Average suddenly crashed 400 points off its session high. Analysts and traders are baffled by the sharp move lower. Tech stocks suffered the brunt of the damage. A quiet day for the Dow Jones Industrial Average (DJIA) turned into a near-bloodbath on Thursday as the U.S. stock market pivoted sharply lower.…
The Dow crashed more than 500 points on Friday. The stock market’s most closely watched index has now declined since the start of 2020. Here’s what catalyzed the Dow’s brutal decline. After enduring a shellacking amid the coronavirus outbreak, things seemed to be looking up for the Dow Jones Industrial Average. Encouraging comments from the…
