When Wall Street sneezes, the rest of the world catches a cold, so says the old axiom. We're now going to see what happens when Wall Street has the flu, says one market watcher.
Since the bottom fell out of U.S. equities on Monday, stocks here and across the globe have been in disarray. The Dow and S&P ended the day on Thursday in a correction mode, while the Nasdaq closed just shy of it. Stocks of 88 percent of S&P 500 companies have fallen 10 percent or more from their 52-week highs because of the sell-off. Since hitting a record on Jan. 26, the index has lost $2 trillion in market value.
https://www.cnbc.com/2018/02/09/stocks-tracking-for-worst-week-since-2008-and-it-may-get-worse.html
Submitted February 09, 2018 at 11:40AM by elsimer http://ift.tt/2EsAEHw
