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Yo_Mama_Been_Loggin

(108,234 posts)
Fri Mar 8, 2019, 05:26 PM Mar 2019

Stocks post 5-day losing streak, notch worst week of 2019 after anemic jobs report

Stocks fell for a fifth straight day on Friday after the U.S. government released employment data that badly missed expectations, adding to growing concerns that the global economy may be slowing down.

The Dow Jones Industrial Average pulled back 22.99 points to 25,450.24 as Exxon Mobil and Pfizer lagged. The S&P 500 fell 0.2 percent to 2,743.07 as the energy and consumer discretionary sectors declined. The Nasdaq Composite slid 0.2 percent to close at 7,408.14.

Equities fell sharply at the start of the session before paring losses. At its low of the day, the Dow was down 220.77 points while the S&P 500 had lost nearly 1 percent.

The indexes posted their biggest weekly declines of the year. The major indexes all dropped more than 2 percent this week. The Nasdaq snapped a 10-week winning streak, while the Dow notched its second weekly decline of the year.

https://www.msn.com/en-us/money/markets/stocks-fall-as-weak-jobs-report-stokes-economic-growth-fears/ar-BBUwpTW?li=BBnbfcN


Winning baby!!

8 replies = new reply since forum marked as read
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Stocks post 5-day losing streak, notch worst week of 2019 after anemic jobs report (Original Post) Yo_Mama_Been_Loggin Mar 2019 OP
That Can't Be!!!! MyOwnPeace Mar 2019 #1
Do you really think the market going down 5 days means anything about the economy? former9thward Mar 2019 #6
Actually, I don't.............. MyOwnPeace Mar 2019 #7
Yes, he does. former9thward Mar 2019 #8
But but but malaise Mar 2019 #2
I'm surprised they don't burst into flames workinclasszero Mar 2019 #3
I'd prefer lightning strikes myself malaise Mar 2019 #4
LOL workinclasszero Mar 2019 #5

MyOwnPeace

(16,940 posts)
1. That Can't Be!!!!
Fri Mar 8, 2019, 06:44 PM
Mar 2019

IQ45 says we're winning BIG. The economy is the bestest ever because of him.

It must be FAKE STOCK MARKETS!

former9thward

(32,082 posts)
6. Do you really think the market going down 5 days means anything about the economy?
Fri Mar 8, 2019, 07:49 PM
Mar 2019

What about when it goes up 5 days? What would you say then?

MyOwnPeace

(16,940 posts)
7. Actually, I don't..............
Fri Mar 8, 2019, 08:18 PM
Mar 2019

But the MSM always looks for a way to get a headline - each and every day. And, of course, IQ45 likes to pick and choose the ones that make him look like he's the financial wizard that he thinks he is. Wharton, however, seems to have other thoughts..................

former9thward

(32,082 posts)
8. Yes, he does.
Fri Mar 8, 2019, 08:40 PM
Mar 2019

But to be fair so does everyone else. Everyone seems to have an explanation of market moves even on a daily or sometimes hourly basis. Mostly it is statistical noise.

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