Dow’s Massive Tailspin Hits Four Days as Rate-Cut Euphoria Disappears

The Dow and broader U.S. stock market extended their slide Friday in what appears to be a classic ‘buy the rumor, sell the fact’ scenario following the Federal Reserve’s planned rate cut earlier this week. Dow Makes It Four Losses in a Row; S&P 500 Down Five Straight All of Wall Street’s major indexes declined […]

The post Dow’s Massive Tailspin Hits Four Days as Rate-Cut Euphoria Disappears appeared first on CCN Markets

Source: https://www.ccn.com/news/dow-jones-tailspin-day-four/2019/08/02/

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