Experts attribute the sharp changes to a collection of bad economic news over the last few months, chiefly led by the rise in inflation.
New York Stock Exchange
Federal Reserve Chair Jerome Powell announced he would be looking to raise interest rates ‘expeditiously’ in May, to curb inflation.
It’s up to the president to protect American investors as China vies for global leadership.
Corporations are increasingly beholden to proxy-advisory firms that often ignore the interests of everyday investors.
On the menu today: The Big Board and China, vaccine distribution, Elon Musk, California, and a very expensive tweet, 0 percent mortgages (for 20 years), and fractional trading.
The NYSE subsequently announced it would delist the firms on January 7, but backtracked on Monday for unspecified reasons.
The sales fraud was disclosed in April, causing shares to drop 83 percent.
The New York Stock Exchange announced Wednesday that it will close its trading floors temporarily and move to electronic trading only starting Monday.
The U.S. stock market had its worst day Monday since fears over the COVID-19 outbreak began rattling investors.
Wall Street took another hit on Monday as the Dow Jones plunged 2,250 points, or 9 percent, while the S&P 500 fell 8 percent and the Nasdaq 6 percent.