Dow Jones index

Dow Jones index – stocks fell on Tuesday as concerns about a possible recession in the U.S. weighed on investor sentiment.

The Dow Jones Industrial Average fell 420 points, or about 1.4%. The S&P 500 dipped 1.5%, and the tech-heavy Nasdaq Composite shed about 1.6%.

Concerns about economic growth are hanging over investors as the U.S. market looks to recover after a rough first half to the year.

Stocks tied to economic growth fell sharply. Shares of JPMorgan and Wells Fargo shed 2.5% and 2.7%, respectively. American Airlines fell more than 4%. The benchmark 10-year Treasury yield has declined in recent days even as the Federal Reserve has pledged to aggressively fight inflation. The 10-year yield is now trading close to the 2-year yield, a recession indicator watched by many on Wall Street.

Dow Jones index falling is a great sign of recession. In such situations, it is very important to find a trading tool that would allow you to automate trading not only in a stable or growing market, but also during an ongoing recession. AMNTrader automated futures trading systems allow you to make profit even when the market is in the red zone.

“The US market is all about pricing in a slowdown, and pricing in the fact that the Fed is forced to hike rates into a slowdown,” Allianz chief economic advisor Mohamed El-Erian said on “Squawk Box.”

The price of oil also declined, reflecting a possible economic slowdown. Futures for U.S. benchmark West Texas Intermediate fell below $105 per barrel. Shares of oil giant Chevron dropped nearly 3%.

Markets finished one of the worst halves in decades on Thursday, and major averages posted their fourth week of losses in five despite modest gains during Friday’s trading session.


Leave A Comment