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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStocks 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!!
MyOwnPeace
(16,940 posts)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)What about when it goes up 5 days? What would you say then?
MyOwnPeace
(16,940 posts)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)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.
malaise
(269,191 posts)The Holey Moran Emperor is signing bibles
workinclasszero
(28,270 posts)when the pussy grabber-in-chief picks them up!
malaise
(269,191 posts)but flames will do