S&P 500 has Worst Week in Two Years and Dow in Negative Territory for the Year

The S&P 500 had its worst week in 2 years and the Dow is negative for the year
It only took a couple of days at the end of the week to completely change the recent stock market momentum. On Wednesday it appeared there still might be a chance for the Dow Jones industrial average to reach a record high, and the S&P 500 to top 2,000 points. That all changed on Thursday as stocks retreated enough for the Dow to fall into negative territory for the year, and the S&P 500 to fall more during the week than it had in two years.

Friday wasn’t as bad as Thursday, but the declines continued mainly over concerns about Argentina defaulting on its debt. The Dow lost 69.93 points (0.42%) on the day to end the week at 16,493.37. That was a 2.8% decrease for the week and

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2 Responses to S&P 500 has Worst Week in Two Years and Dow in Negative Territory for the Year

  1. dean says:

    I think there is a worry that interest rates are going to rise soon. The entire rally this year has been due to low interest rates and it’s only a matter of time before they have to raise them. Once they do, watch the blood pour.

  2. Gailete says:

    I always find it interesting as to what stock ‘experts’ blame the stock market for rising or falling. How do they know what an ordinary person is buying and selling for?

    I’ve been waiting for a big enough dip in the stock market to add more shares of one stock that has doubled for me and I wasn’t about to buy more at a record high. With this ‘tumble’ I was able to buy more shares. Granted the market may fall more, but all the stocks I own are stocks that pay dividends so my pot will continue to grow only perhaps not as fast as it has been doing.

    I see something like this as not a time to panic, but to pick up cheaper shares of stocks that are doing well and that you like.

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