Friday October 12, 2018 03:05 AM Jumpy markets upset months of smooth sailing for investors Written by By SARAH SKIDMORE SELL and ALEX VEIGA, AP Business Writers Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 percent. The VIX index, which measures how worried traders are about a decline in stocks, climbed Thursday to its highest level since February, when the S&P last had a correction, or a 10 percent drop. What now? Experts say this new eruption of market volatility should not be surprising, especially after the long stretch of relative calm investors have enjoyed. Over the summer, traders set aside worries about the escalating U.S.-China trade dispute and instead focused on more encouraging developments: solid economic growth and record corporate earnings. It helped that stocks were on the rise — the S&P 500 hit an all-time high just four weeks ago. So after several months of gains, a pullback would be expected, said John Lynch, chief investment strategist at… Read full this story
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Stock market experts say this is a stumble, not a plunge have 264 words, post on readingeagle.com at October 12, 2018. This is cached page on Talk Vietnam. If you want remove this page, please contact us.