Thread: Financial News
View Single Post
Old December 21, 2018, 03:42 PM
mufi_02's Avatar
mufi_02 mufi_02 is offline
BanglaCricket Staff
Editorial Team
Join Date: August 2, 2011
Location: NY
Favorite Player: Lara, Shakib
Posts: 7,993

Stocks accelerated to their lows after President Donald Trump's trade adviser, Peter Navarro told Nikkei that it would be "difficult" for the U.S. and China to arrive at a permanent economic agreement after a 90-day ceasefire in the trade tensions.

Here's a tally of the carnage:

The Nasdaq lost 7.4 percent on the week and is now 21 percent below its record reached in August, a bear market.
The S&P 500 lost 6 percent for the week and on Thursday hit a 14-month low. It's now down 17 percent from its record.
The Dow also lost 6 percent and more than 1,400 points on the week.
The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 11 percent each this month.
The Dow is on track for its worst month since February 2009.
The Russell 2000, which tracks the performance of stock of smaller companies, is on pace for worst month since October 2008 and also fell into a bear market this week.

Both the Dow and the S&P 500 are now in the red for 2018 by at least 8 percent.
yikes. not even daring to look at my 401k balances..
Reply With Quote