The primary reasons behind the back-to-back triple digit losses for the Dow are fears of a U.S. policy of protectionism against China and rising oil prices.
More Quotes from Michael Sheldon:
I think the fact that Greenspan brought the issue of a declining dollar, global trade imbalances and protectionism to the forefront adds to the pressure today.Michael Sheldon
Texas Instruments' numbers were broadly in line with estimates, but there may have been some disappointment that they didn't raise the high end of the range.
Michael Sheldon
We're not seeing a lot of conviction, either by buyers or sellers, so far this week.
Michael Sheldon
Today, the markets once again pushed to new highs for the indices but the rally appears to have stalled. The likely culprit is that higher bond yields may finally be weighing on the minds of investors.
Michael Sheldon
It's been a choppy few weeks. While the Dow and the SP 500 have started to perform better, the Nasdaq is still below its 50-day moving average and its January highs.
Michael Sheldon
The tone in the market is a little better. We saw strong gains in Japan as they move toward an end to quantitative easing.
Michael Sheldon
Readers Who Like This Quotation Also Like:
Based on Keywords: digitFollowing my junior year in high school, I went on a camping trip through Russia in a group led by Horst Momber, a young language teacher from Roosevelt.
Peter Agre
There's the concept that if I do this big budget project, then that will help me do the things I really want to do and bring more money to those films.
Giovanni Ribisi
If people make fun of you, it probably means you're doing something right.
Amy Lee