Dow futures point to third day of losses after Monday’s dive

Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City.

The Dow Jones industrial average went on a wild ride Tuesday – ricocheting between losses and gains – to close up more than 560 points, or 2 percent.

Some investors are urging clients not to panic over the Dow crash, saying it’s the market correcting itself after the market surged to record highs last month. Shanghai and Shenzhen closed down 1.8 and 1.2 percent respectively. “I thought it was nearly alarming that markets weren’t considering that, for example, we have a different (Federal Reserve) in 2018 that could be more hawkish”.

What does this mean for investors and the rest of us? Experts do think the global economy will keep growing this year even though that is likely to bring more inflation, but Schutte said that as central banks stop propping up the market, trading will probably be more volatile in the next few years.

Nonetheless, Mnuchin added that “I’m not overly concerned about the market volatility”.

Often referred to as the Dow, the Dow Jones Industrial Average or DJIA, is the oldest and most watched indices in the world, according to Investopedia. The Dow kicked off trading Wednesday down 6.4% from its peak.

The Standard & Poor’s 500 rose 20 points, or 0.8 percent, to 2,715. On Wednesday, which has no moniker, the Dow reversed course and rose up to 259.

If you’re afraid of losing money but you’re heavily weighted to stocks, then no matter what happens, you’ll panic anytime the market falls. The Kospi in South Korea fell 2.3 percent.

Some Wall Street shops are advising investors to start putting together “shopping lists” of stocks to buy after the big sell-off. That’s good for the economy, but Hooper noted that higher pay to workers can reduce corporate profits, and those profits are the stock market’s fuel.

Other Wall Street insiders say the worst is over.

The bounce-back no doubt came as relief to many Americans made queasy by the drop in their retirement savings and investment accounts. It’s risky because many people in his base don’t like the market.

Anxiety has settled deep into a market that Trump long treated as a sure-fire triumph.

The 4 percent spending figure might even be too high.

They argue that the improving global economic outlook is a positive for stocks overall, but they said it could take some time before the market settles down.

Zhang Ming, a senior economist at Beijing’s Chinese Academy of Social Sciences who warned about the potential volatility of the US stock market in the Communist Party’s flagship People’s Daily a month ago, agreed.

Snapchat owner Snap soared 46.6 per cent after it reported surging growth in users and revenue in its latest quarter.

Apple climbed 4.2 percent, while Microsoft and Amazon gained 3.8 percent each.

He told Xinhua that investors are rebalancing their portfolios from USA equities to more reasonably valued equity markets like China, Europe and emerging markets.

Individual news from companies took center stage again.

But let’s say wages and inflation do accelerate a bit more than economists expect. About 37 percent of US stocks were held in retirement accounts in 2015, a sharp rise from the recent past.

The Dow was little changed at 24,334 as of 10:49 a.m.

The turbulence has yet to rattle Susan McCauley, of Marietta, Georgia, a 66-year-old investment portfolio administrator who said she is not shifting away from stocks, despite the big tumble.

This story will be updated as new information becomes available.