The USA stock market lost a lot of money today, The DOW was down by over 500 points today.
The S&P 500 slid 1.7% for its worst day since May 12 of this year. At it’s low of the day, the 500-stock average pulled back 5% on an intraday basis from its high. It currently sits 4.1% from its record.
The Dow Jones Industrial Average plummeted 614 points, or 1.8%, for its biggest one-day drop since July 19. The Nasdaq Composite dropped 2.2% as growth pockets of the market were some of the hardest hit.
If you invested in the American Stock Exchange then you must see red, a lot of red today.
This is caused by the news that a Chinese real estate company that is worth over 300 billion is about to go bankrupt.
The S&P 500 slid 1.7% for its worst day since May 12 of this year. At it’s low of the day, the 500-stock average pulled back 5% on an intraday basis from its high. It currently sits 4.1% from its record.
The Dow Jones Industrial Average plummeted 614 points, or 1.8%, for its biggest one-day drop since July 19. The Nasdaq Composite dropped 2.2% as growth pockets of the market were some of the hardest hit.
If you invested in the American Stock Exchange then you must see red, a lot of red today.
This is caused by the news that a Chinese real estate company that is worth over 300 billion is about to go bankrupt.