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Wall Street shuddered Tuesday, mirroring a risk-off sentiment around the world, as geopolitical tensions and the prospect of slowing economic growth continued to put investors on edge.
All three of the major US averages are lower Monday morning despite China's Shanghai Composite gaining nearly 5%.
A Wall Streeter who started his career on Black Monday recalls the pandemonium of the biggest one-day crash in stock market history
David Rosenberg had the worst first day on Wall Street you could ask for. Friday, October 19, marks the 31st anniversary of Black Monday, when the Dow Jones industrial average suffered a record 22% crash. "I had never in my life seen such pandemonium," he recalled.
Stocks jumped Friday as Wall Street shook off fears about rising rates and the prospect of slowing economic growth around the world.
Stocks slipped Thursday as Wall Street fretted over Federal Reserve signals they interpreted as more hawkish than expected, cementing fears about rising rates that had led to a global sell-off last week.
Oil prices tumbled Wednesday to their lowest level since September after government data showed US inventories rose more than expected and as stocks paused an earlier rebound.
The three major US indices slipped Wednesday as an earnings-fueled rally lost steam and ahead of Federal Reserve meeting minutes, with Wall Street still on edge following a sell-off that had battered global stocks last week.
Following the worst couple of days on Wall Street since February, stocks staged a recovery on Friday amid signs inflationary pressures remain in check despite a humming economy, and as earnings season kicked off with strong postings from major banks.
Gundlach says Trump is ‘being crazy like a Fox’ to blame the Fed for the market sell-off and explains why interest rates will keep rising
Jeff Gundlach, the CEO of DoubleLine Capital, said Thursday that President Donald Trump was "being crazy like a fox" for his rhetoric on the Federal Reserve. Amid the worst stock-market sell-off of his presidency, Trump had said the Fed was "going loco" by continuing to raise interest rates.
Walgreens Boots Alliance announced that it will make investments around $150 million to boost mainly its in-store wages in fiscal 2019.