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Friday, March 23, 2018

US STOCKS TUMBLED BY MORE THAN 2%!


Dear readers, yesterday while many of us were sleeping, US stocks tumbled by more than 2% per indices:

1) S&P 500: 2.52%

2) Dow Jones: 2.93%

3) Nasdaq: 2.43%


The main reason for the tumble? The fears of potential trade wars as US President Donald Trump signed a directive with the intent to impose up to US$60billion worth of tariffs on China.

There were also two contributing factors:

1) Slump in technology stocks ever since Facebook price went south over the data privacy concerns

2) And I believe another reason is the market still consuming the news that the Federal Reserve has raised interest rates for the sixth time just two days ago

With so many developments on the economical and geo-political front, I believe the markets this year are definitely more volatile and therein lies opportunities for the wise investor. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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