Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
The Closing Bell: U.S. Stocks Slide On Trade Tensions, Global Growth Fears
FYI: The Dow Jones Industrial Average slumped nearly 217 points Thursday, its steepest loss in two weeks, as trade tensions and bleak economic data from Europe renewed fears of a slowdown in global growth.
Investors have grappled with conflicting signals about the durability of the global economic expansion this year, something that has kept enthusiasm for risk-taking contained even after markets rallied in January.
Major U.S. indexes opened lower, tracking declines in Europe, and extended their slump after White House economic adviser Larry Kudlow said China and the U.S. are still far away from striking a trade deal. A White House official later said President Trump is “highly unlikely” to meet with Chinese President Xi Jinping ahead of the March 1 expiration of their tariff truce.
Utilities and Real Estate were the only two sectors of the S&P 500 in positive territory. Regards, Ted
