News Formal

Here's why predicting a bottom in this global market plunge is so difficult

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 25 min. at publisher
  • 📊 Quality Score:
  • News: 87%
  • Publisher: 72%

Homestretch News

VF Corp,Airbnb Inc,Super Micro Computer Inc

A key reason: Overseas trading is weighing heavily on Wall Street's moves.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Bottom challenges: The recent sell-off in U.S. stocks accelerated Monday and there's no telling when we'll hit the bottom. A key reason, according to Jim Cramer: Overseas trading is weighing heavily on Wall Street's moves. The dramatic action in Japan, in particular, is rippling throughout markets around the world.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Magnificent Seven stocks poised to lose nearly $1 trillion during Wall Street meltdownThe iPhone maker joined mega-cap tech peers NvIdia, Alphabet, Tesla, Microsoft, Meta and Amazon in plunging as 6.5%.
Source: nypost - 🏆 91. / 67 Read more »

Users of online trading platforms report outages as Wall Street meltdown ravages stock marketA glance at Downdetector.com shows that more than 3,184 users reported outages at Fidelity Investments.
Source: nypost - 🏆 91. / 67 Read more »