Caterpillar and Goldman Sachs led the 30-stock index lower, falling more than 1% each. Energy, materials and tech dragged down the S&P 500 as each sector fell at least 0.9%.
Stocks were up sharply for the week entering Friday as strong earnings and economic data outweighed worries over the coronavirus' economic impact. The major averages also reached record highs on Thursday boosted by China's decision to halve tariffs on a slew of U.S. products. The world's second-largest economy announced it would halve tariffs on $75 billion worth of U.S. imports on Thursday.
Wasn't Trump supposed to bring back manufacturing jobs? 12k more manufacturing jobs lost in January. Not a good a good sign.
Otherwise known as the 'we don't really care about financials, jobs or average Joe' wall street elite (and sponsors) SCAM. Markets have been trashed repeatedly, by them, since Aug. 2017. Wonder why? Let's just throw a little more support for socialism among younger investors/iras
Because no one trusts the govt numbers
'Buy on the rumor, sell on the news'
American’s
😡👀👀👀😡😡😡😡
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Source: MarketWatch - 🏆 3. / 97 Read more »