(ReclaimingAmerica.net) Breaking Now: On this Monday in January, with increasing world uncertainty surrounding Russia and Ukraine, escalating concerns about inflation, and decreasing faith in President Joe Biden on the part of Americans, U.S. stocks are plunging as what has been more than a week of market troubles appears to be growing.
According to CNBC at 12:45 pm Eastern:
“U.S. stocks fell Monday following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.
“The Dow Jones Industrial Average lost about 1,060 points, or 3.1%, falling for a seventh straight day. The S&P 500 shed 3.8%. The benchmark is down more than 10% from its intraday high. The Nasdaq Composite declined 4.5%, falling deeper into correction territory.
“The market action Monday followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates.” [emphasis added]
This is a breaking news report from Red Alert News.
What do you think is the cause of the continuing decline of the U.S. Stock Market? Please email [email protected] with your opinion. Thank you.