Dow’s Shocking Comeback Falls Short, Exposing Wall Street’s Dangerous Hubris

By CCN: The Dow and broader U.S. stock market finished lower on Friday, as investors weighed a myriad of macro risks against an apparent surge in consumer confidence. Those betting on a consumer-driven recovery may be in for a rude awakening amid record debt levels and the ongoing U.S.-China trade war. Dow Reverses Brutal Drop After a brutal pre-market for U.S. stock futures, the Dow Jones Industrial Average reversed losses to trade slightly higher during the afternoon session. But the gains were short-lived as the blue-chip index settled down 98.68 points, or 0.4%, at 25,764,00 The broad S&P 500 Index of

The post Dow’s Shocking Comeback Falls Short, Exposing Wall Street’s Dangerous Hubris appeared first on CCN

Source: https://www.ccn.com/dows-shocking-comeback-falls-short-exposing-wall-streets-dangerous-hubris

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.