The Dow Jones Industrial Average erased strong gains on Wednesday as turmoil in Washington and worries over Federal Reserve policy kept investors on edge. The 30-stock index traded 7 points lower after rising as much as 282 points. The S&P 500 briefly turned negative before trading back up 0.3 percent. The Nasdaq Composite outperformed, rising 0.8 percent…
Tag: dow
DOW DIVE
Dow plunges nearly 800 points on rising fears of an economic slowdown Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters on Wall Street. The Dow Jones Industrial Average fell 799.36 points,…
Trump’s top economic adviser says fears of collapse are ‘nonsense’
‘Recession is so far in the distance I can’t see it!’ he said at the White House President Trump‘s chief economic adviser said Tuesday that he doesn’t expect a slowdown in growth despite a significant market dip. ‘Corrections come and go,’ he told reporters at the White House, saying that the economy is strong overall….