begins badly
On 4/2/2018 9:47 PM, Keyser Söze wrote:
f you feel like the second quarter began badly, you’d be right.
U.S. stocks had their worst April start since 1929, according to data
compiled by Bloomberg. The S&P 500 index slumped 2.2 percent, a rout
exceeded only by its 2.5 percent decline 89 years ago, a prelude to the
devastating crash later that year that brought on the Great Depression.
(Back then, the index only comprised 90 stocks.)
China’s retaliatory trade tariffs combined with President Donald Trump’s
criticism of Amazon.com Inc. to send equities into a tailspin Monday.
Shares in the online retailer tumbled, encouraging a sell-off in consumer
discretionary and technology stocks. The S&P 500 closed below its 200-day
moving average -- a key technical support -- and volatility climbed.
From Bloomberg News
Yawn
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