Dow Jones hits 14-month lows as Nasdaq enters the bears' claws

  • Regular
  • US Market
  • 9 months ago
  • 158

The Fed’s decision has spared nobody as Asian and European markets were in the red, however news that Donald Trump may not be willing to sign a temporary government funding resolution, and therefore threaten a Government shutdown, has sent tremors in Wall Street.

The DJIA has brought its 5-day loss streak to 1,600 points, while the S&P dropped by 0.9%.

The Nasdaq composite tumbled by 1% and has entered bear territory due to losses recorded by Amazon and Apple.

The Cboe volatility index has risen above 30 therefore it is safe to assume that sentiment is at a low point and with trade wars, Brexit and an oil over supply it may be choppy waters ahead as we enter 2019.


Source: Smart Trend Team