News Formal

In the middle of a stock market selloff, what should investors do?

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

United States News News

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

Financial experts warned that investors should try to avoid selling stocks during stock market downturns after the U.S. stock market selloff accelerated on Monday.

Stocks plunged on Monday amid fears about the U.S. economy potentially slipping into a recession, with major indices suffering their worst days in nearly two years and leaving some investors concerned about their portfolios and how they should respond to a market downturn. The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P closed out their worst day since September 2022.

Assaf noted that financial advisors may be able to help an investor take advantage of a down market, such as by taking losses on some of their investments to reduce future tax bills – or use lower share prices to convert to a Roth IRA at a lower tax cost.

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:

 /  🏆 458. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

These Billionaires Lost The Most During Monday’s Stock Market SlideDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
Source: Forbes - 🏆 394. / 53 Read more »

Japanese stock market sees biggest drop since 1987's Black Monday amid US recession fearsJapanese stock market sees biggest rout since 1987 Black Monday amid global selloff
Source: nypost - 🏆 91. / 67 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayA global sell-off is underway, with Japan front and center. In the U.S., tech stocks were leading the declines.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: nbcchicago - 🏆 545. / 51 Read more »