2019-3-28 17:54 |
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 Plunges 140 Points Despite Early Surge 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 12:28 pm ET, the Dow had plunged 140. 18 points
The post Dow Recoils: Only a New US-China Trade Deal Will End This Misery appeared first on CCN
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