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by Doodoo » March 8, 2019, 2:51 pm
AS an Alarmist
Prepare for the ride!!!!
Dow Carnage: US Stock Market Plunges as Recession Warnings Intensify
Sam Bourgi,CCN 13 hours ago
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The Dow and broader U.S. stock market plunged anew on Thursday after the European Central Bank (ECB) launched fresh stimulus measures to combat a slowing regional economy. The shocking announcement brought recession fears back to the fore as investors continue to navigate a synchronized slowdown in global growth.
Dow Plunges; S&P 500, Nasdaq Follow
All of Wall Street’s major indexes declined sharply through the morning, reflecting a volatile pre-market session for U.S. stock futures. By the end of trading, the Dow Jones Industrial Average fell 200.23 points, or 0.8%, to close at 25,473.23. That was its fourth consecutive drop. The Dow was off more than 300 points at its lowest point during the day.
Twenty-six of 30 Dow members recorded declines, with Walgreens Boots Alliance Inc. (WBA) leading the declines.
The broad S&P 500 Index declined 0.8% to settle at 2,748.93. Ten of 11 primary sectors recorded losses, with consumer discretionary shares falling 1.4% on averages. Financials stocks declined 1.1% while information technology and materials each fell 0.9%. Utilities, long considered a defensive play, was the lone bright spot, gaining 0.3%.
Read the full story on CCN.com.