Here's what experts think you should do amid stock market plunge

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 50 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Here's What Experts Think You Should Do Amid Stock Nachrichten

15148705

Despite stock markets around the world tumbling Monday and causing panic on Wall Street, experts say the economy will not enter a recession in the near future.

On Monday, stock markets around the world tumbled with some like the Japanese Nikkei having their worst day since 1987.

"A lot of these companies, the Magnificent Seven and companies beyond that, they're spending a lot of money on artificial intelligence, but the payoff is a little bit further down the road," said Scott Wren of the Wells Fargo Investment Institute.The selloff was caused by a myriad of factors, says economist Julia Pollak.

"The private sector excluding health care and social assistance added only 33,000 jobs in this last report, and that is well below the 137,000 average between 2015 and 2019," she said.MORE:She thinks despite the panic on Wall Street, the economy will not enter a recession in the near future. "As a result, normalization has looked like a pretty steep drop but from unsustainable heights," Pollak said.Tesla shares plummet after company reports falling profitsMason says it's important to remember that stock market fluctuations are cyclical and that overall the market is still up since the start of the year.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 529. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Here are 5 key things we're watching closely in the stock market this weekWall Street managed to finish higher despite Thursday's brutal rotation out of tech stocks.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »