Stock Market Suffers Huge Losses
The Dow saw it's the biggest fall in over 6 years earlier this week, along with the S&P having it's worse day in recent years. This along with the crash in markets in Asia and Europe had led to the stock market falling into turmoil in the recent days.
The Dow dropped over 500 points as the markets opened on early Tuesday morning which quickly saw a huge sink in the markets across Asia, with the hit affecting areas such as China and Japan.
Although the markets have been relatively low over the past months, this recent drop happens to have huge effects with many looking to huge traders and politicians such as Trump for guidance.
One trader and leader of a research firm Nick Colas said :
“We remain positive on US stocks but recognize that viewpoint will likely leave some scar tissue once the current volatility has passed.”
The Dow has now regained some momentum and is expected to be in the positives relatively shortly after this brief panic which led several markets around the world in turmoil.