Wall Street Suffers Steep Declines Ahead of Holiday Weekend

Our anemic economic "recovery" is showing up in the stock market which is a bad sign. Today it was the mixed jobs report with a meager increase in job created of only 173,000 which is 50,000 fewer than forecast.

Wall Street Suffers Steep Declines Ahead of Holiday Weekend

By Victoria Craig
·Published September 04, 2015
·FOXBusiness

Wall Street saw steep declines on Friday on the heels of a mixed August jobs report as traders ditched their long positions ahead of the Labor Day weekend.

The Dow Jones Industrial Average was 272 points lower, or 1.67% to 16102. The S&P 500 declined 29 points, or 1.53% to 1921, while the Nasdaq Composite shed 49 points, or 1.05% to 4683.

All ten S&P 500 sectors were in negative territory, with telecom, energy, and materials falling the most.

Today’s Markets

All eyes on Wall Street were on the all-important August non-farm payrolls report, which showed the U.S. economy created 173,000 jobs, short of expectations for an additional 220,000 jobs. Meanwhile, the unemployment rate fell to 5.1% for the month from 5.3% in July. Economists had forecast a shallower drop to 5.2%. The labor force participation rate held steady at 62.6%.

http://www.foxbusiness.com/markets/2015/09/04/us-equity-futures-drop-ahead-august-jobs-report/?intcmp=bigtopmarketfeatures

Semi-demented poster Markle is reveling in the fact that the Dow Jones Industrials lost 272.38 points today, or 1.66%..... Why is that? Is that newsworthy?



I know, my friend..... Mr. semi-demented must keep all of his money in a rusty coffee can buried in his back yard. The stock market has seen swings both up an down of several hundred points at a time lately. After months of steady gains, astute investors should realize corrections will happen, and adjust their investment strategies accordingly. Today's drop hardly represents a "steep decline ahead of the holiday weekend" as the poster suggests. However, since he is desperately trying to find some poor economical news that he can pin on President Barrack Obama, he will likely continue to create the silly propaganda he likes to post here.

You were saying?

ZVUGKTUBM wrote:

Markle wrote:You were saying?

Glad you admit to doing what you and the other Progressives always do.