A major global selloff unfolds. Is a bottom near? When will the stock market stabilize? As the last trading week of August began, worried investors wondered just that. Gains for the major indices were hard to imagine at Monday’s opening bell, but few imagined the Dow Jones Industrial Average would drop 1,089 points as trading […]
Riding Out This Volatile Market Read More
CHINA DATA, CRUDE PRICES DRIVE MAJOR SELLOFF Fierce headwinds hit Wall Street last week. A report showed that Chinese factory activity hit a 6-year low in July, raising serious doubts about whether that country’s economy was still maintaining 7% annual growth. (The Shanghai Composite lost 4.3% Friday and 11% for the week.) Friday, WTI crude
Growth Report for Monday, August 24, 2015 Read More
As the world watches, the nation’s government tries to end the downturn. Investors worldwide worry about the state of China’s equity market. These fears have impacted Wall Street. The recent ups and downs of the Shanghai Composite (SSE) have been startling: the 16 trading sessions from June 17-July 9 included daily losses of 6.42%, 7.40%,
China’s Chaotic Market Read More
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