clawed back a 2.3%, plunge, nearly 600 points, to finish just 22 points lower. Concerns about the U.S.-China trade war causing a global economic slowdown has slammed stocks this week. Ahead of Thursday trading, the Dow was down 1.8% for the week, while the S&P 500 was down 1.6% this week.The stock market bounced as plummeting bond yields stabilized. The 10-year Treasury yield, which briefly dipped below 1.6% on Wednesday,, where it remained Thursday morning.
. A weakening Chinese currency, represented by more yuan needed to buy a dollar, makes China exports more attractive. President Donald Trump has frequently complained that a strong dollar against the yuan gives Beijing a trade advantage.Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019.from a year ago while imports fell 5.6%. From January to July, China's trade surplus with the U.S. has totaled $168.5 billion.
It will come back. Always does.
1. Don’t sell anything. 2. Keep consistently investing until retirement. 3. That’s it, you’ll probably have millions of dollars.
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Source: CNBC - 🏆 12. / 72 Read more »
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