When did the stockget boosted?
Thewas further boosted at the end of 2017 and into the beginning of 2018 by the Republican tax cut package Trump signed into law at the end of last year.
How much has the Dow Jones lost?
Since the beginning of the year, the Dow Jones Industrial Average has lost about 10 percent of its value, as did the S&;P 500. The Nasdaq dropped roughly 8 percent. The vast majority of losses have come since October, when the stock market, which was experiencing the longest bull run in history, took a turn for the worst.
Why is the Federal Reserve tightening its monetary policy?
That reduces liquidity in the market, creating obstacles for obtaining credit and loans — factors that could slow down the global economy.
What are the major tech companies?
Five major tech companies — Facebook, Apple, Amazon, Netflix and Google — make up 11 percent of the S&;P 500 index. When those companies are doing well, they can lift the S&P 500 as a whole, but when they perform poorly, they can drag the index down as well.
Who is the Chairman of the Federal Reserve Board?
Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington, on Dec. 19, 2018. REUTERS/Yuri Gripas. The drop underscored fears on Wall Street that continued interest rate increases could trigger a recession — a concern Trump has expressed numerous times.
Did Trump spare any country from the tariffs?
In May, Trump decided not to spare any country –including U.S. allies — from the steel and aluminum tariffs. The trade war, which has centered on China, continued to escalate until Trump and China’s President Xi Jinping agreed earlier this month to hold off on imposing new tariffs for 90 days.
Is the Dow Jones Industrial Average overvalued?
The Dow Jones Industrial Average index had tripled since the low of the Great Recession. Some stock watchers warned companies were overvalued. The Shiller price to earnings ratio — a statistic that compares a company’s earnings to its number of shares and is sometimes used as a way …
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