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We Are On The Verge Of Completing An Impressive Trifecta:
We certainly do live in "interesting" times. In all my years of writing, I have never seen a stock market correction, a global trade war and a government shutdown all happen at the same time. If the federal government does indeed shut down on Friday, we will complete that very impressive trifecta. Needless to say, a government shutdown would only add to the jitters that we are witnessing on Wall Street right now. On Thursday, the Dow Jones Industrial Average was down for a fourth day in a row, and the S&P 500 fell into correction territory…
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump.
The S&P 500 dropped about 1.4%, ending the day in correction and 10.1% off its record close. The Dow Jones Industrial Average fell 537 points, or 1.3%, its fourth day of declines putting it below the 41,000 level. The Nasdaq Composite shed 1.9% with shares like Tesla and Apple lower.