WALL STREET INSIGHT ·
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Stock market remains in correction mode

Economists are looking for signs that one of the longest economic expansions on record is ending

AFTER flirting with new highs earlier this month, US stocks are back on the skids, with worries about rising interest rates and slowing global trade overshadowing strong domestic data.

Following its biggest weekly decline since March, the Dow Jones Industrial Average closed just above the 25,000 level last Friday.

While the Dow is still much closer to its January highs of around 26,000 than its March lows around 23,000, last week's action made it clear that the stock market remains in correction mode nearly five months after the peak.

The losses started mounting last Wednesday after the Federal Reserve issued an unexpectedly hawkish statement.

Fed chairman Jerome Powell and the Fed's rate-setting...

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