Written by Investing Daily, Investing Daily
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.39%
U.S. stocks were lower after the close on Friday, as losses in the Financials, Basic Materials and Technology sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average fell 3.39% to hit a new 3-months low, while the S&P 500 index declined 3.60%, and the NASDAQ Composite index declined 4.12%.
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by Felix Richter, Statista.com
-- this post authored by Martin Armstrong
And so the people spoke.
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24Jun2016 Market Close: Markets Crash After Brexit, DOW Down 611 Points, Crude Looking To Fall Further And The Financials Put The Spooz In The Minus Territory
by Gene D. Balas
After the conclusion of the recent meeting of the Federal Open Market Committee (FOMC), Fed Chair Janet Yellen outlined the fact that interest rates may be lower in the future than in the past. As such, the Fed would likely move at a gradual pace, and reach a lower equilibrium level than in recent decades. For many investors accustomed to higher rates, such as in the 1980s (and that includes me, too), this requires a shift in expectations.
Written by Gary
US markets closed down in a waterfall fashion. The DOW closed sharply, over 600 points, the SPY down -3.6% and crude lower by 5%. After Britain's vote to leave the European Union spurred massive risk aversion and a rally in safe havens like the U.S. dollar that threatened to cut short a three-month-long recovery in global oil markets. Financials led all 10 S&P 500 sectors into negative territory.
24Jun2016 Market Update: DOW Down Nearly 3%, Global Stocks Reeling From Brexit And Gold Prices Skyro
ECRI's WLI Growth Index which forecasts economic growth six months forward was unchanged and remains in positive territory for the thirteenth week - after spending the previous 34 consecutive weeks in negative territory.