Stock Market Continues to Decline

Specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 24, 2020. REUTERS/Brendan McDermid

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Dow drops nearly 800 points as market turmoil continues from Russia-Ukraine war, inflation fears
  • Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy and raise inflation.
  • The Dow Jones Industrial Average lost 797.42 points to close at 32,817.38, dragged down by a nearly 8% loss in American Express
  • The S&P 500 declined close to 3% to 4,201.09, falling deeper into correction territory. The 500-stock average sits more than 12% from its record close.
  • The Nasdaq Composite lost 3.6% to 12,830.96, and now sits in bear market territory, more than 20% from its all-time close.

Read the original article by clicking here.

Leave a Reply