No big retracements today…
The major stock indices are all ending with oversized losses on concerns about a global trade war. There was limited recovery in the indices today (unlike last week). The Nasdaq is having it’s worst day in 2019. Tech sector is down 3%. Dow industrial average fell over 700 points at the lows.
The final numbers are showing:
- S&P index -69.53 points or -2.41% at 2811.87.
- Nasdaq index -269.91 points or -3.41% at 7647.02
- Dow -617.38 points or -2.38% at 25324.95
I think one word can describe the decline….BARF.
Ironically, ringing the closing bell at the NYSE today (although it is marked as the NASDAQ in the picture above) was a company “brf”…..some may call it “BARF”.
The worlds largest poutry exporter.
HMMM….That seems to be appropriate for the day…Or did someone photoshop CNBC?