Stock Market Sent into a Downfall
Traders work on the floor of the New York Stock Exchange on Monday, Sept. 15, 2008 in New York. A stunning reshaping of the Wall Street landscape sent stocks down sharply Monday, but the pullback appeared relatively orderly _ perhaps because investors were unsurprised by the demise of Lehman Brothers Holdings Inc. and relieved by a takeover of Merrill Lynch & Co. (AP Photo/Jin Lee)
The stock market was sent into a plumet with Dow Jones Industrial Average stocks dropping more than 1,000 points with a 10 percent correction on Feb. 9, 2018. This was the second worst drop in American history after ‘Black Monday’ in 1987. Nasdaq also fell by 3.9 percent on Feb. 9, 2018.
Dow Jones Industrial Average is a stock market index which holds 30 large public companies that are based in the United States. Nasdaq was created by the National Association of Securities Dealers to enable investors to trade securities. Nasdaq holds more than 3,000 stocks which include some of the world’s biggest technology brands like, Apple, Microsoft, and Intel.
These stocks are expected to gain back their place and grow higher in the stock market. Investors are worried about inflation increasing, along with the fact that the Federal Reserve might raise interests rates, according to CNN. The Dow shut down below 24,000 points for the first time since Nov. 2017 and Nasdaq fell just before correction.
The U.S. is now in the ninth year of recovery after the Great Recession from 2007-2013. Investors aren’t worrying too much since stocks have been infrequent recently according to CNN.
In 2017 the stock market was quite calm so this helps investors forget that the stock market rises and declines from time to time. President Trump has deemed the stock market one of his achievements so far in his term.
Hi, my name is Erica Crosby it is my first year being on newspaper, but my second year being in journalism. I am a copy editor for The Spartan Speaks!...
