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The Stock Market’s Wild RideDon't expect volatility to ease up in 2019.
[Collection]The stock market seasickness isn’t going away anytime soon.
The Dow Jones Industrial Average shot up more than 700 points on Friday, fueled by a strong job reports and reassuring words from Federal Reserve chairman Jerome Powell. Just two days earlier, the market started the year with a 200-point drop only to close up for the day.
Clearly, the Age of Volatility is just getting started.
Whether it was President Trump and his early-morning tweets, his unusually open complaints about the Fed’s interest rate policies, the end of a very long bull market or something else, Blue Chip stocks experienced an incredible range of movement last year.
Even on Christmas Eve, a normally sleepy time on Wall Street, the Dow fell 653 points, only to make that ground back and more the day after the holiday.
All told, the index lost 7.7 percent last year after jumping 24.4 percent in 2017.
Technology is only adding to the rapid movements. Back when the New York Stock Exchange was formed more than 200 years ago, floor clerks ran stock prices across actual trading floors. Today, clerks have been replaced by machines that trade in nanoseconds.
“We used to talk about people waiting to get reports from their financial advisers
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