Dow to Open Gloomily as Global Economy Worsens; 3 Factors Can Reverse Trend

On Friday, the Dow Jones Industrial Average plummeted from 25,844 to 25,502 by 1.3 percent within a span of hours following the inversion of the Treasury yield curve for the first time since 2007. Charles Schwab & Co chief fixed-income strategist Kathy Jones told Bloomberg that the U.S. market has priced in the highly anticipated decision of the Federal Reserve to not raise its benchmark interest rate and has begun to be affected by the slowdown in the global economy. “It looks like the global slowdown worries have been confirmed and the market is beginning to price in Fed easing,

The post Dow to Open Gloomily as Global Economy Worsens; 3 Factors Can Reverse Trend appeared first on CCN

source https://www.ccn.com/dow-gloom-global-economy-worsens-3-factors-reverse-trend

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