By CCN.com: With overseas profits of U.S. companies in decline due to tax changes, a drop in consumer confidence in March, and some Federal Reserve officials showing reluctance towards a cut in its benchmark interest rate, the Dow Jones was expected to open gloomily. Dow Incredibly Volatile on Wednesday Within minutes of its opening, the Dow Jones jumped by 0.34 percent, bringing its cumulative two-day rally to nearly 400 points. However, it immediately retraced, falling back to 25,632, only to whipsaw back and forth across its previous close. By press time, the Dow had lost 89 points or 0.35 percent.
The post Dow Recoils: Only a New US-China Trade Deal Will End This Misery appeared first on CCN
source https://www.ccn.com/dow-recoils-only-a-new-us-china-trade-deal-will-end-this-misery
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