U.S. stock markets have been suffering immense sell-offs recently, with the Dow Jones Industrial Average (DJIA) plunging 4.6% on February 5 and another 4.15% decline … Read More
In a drastic reversal of fortunes, the stock markets of developed countries such as Japan and the United States were big winners in 2013, while stock markets of most developing countries — previous top performers in 2012 — barely rose with some even registering negative returns.
Japan’s Nikkei 225 index, for example, was the world’s 4th best stock market in 2013, surging an unprecedented 56.72% in the past 12 months ending December.
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve announced yesterday, June 19, that if the U.S. economy continues to improve, it will start winding down its asset-buying program and may completely end it by mid-year of 2014.
The news sent stock markets in the United States down by more than 1 percent, with the Dow Jones industrial average (DJIA) closing 205.96 points lower, or 1.34%, at 15,112.27.
The Standard & Poor’s 500 Index (S&P 500), meanwhile, closed 1.39% lower at 1,628.92, while the Nasdaq Composite Index was down 1.12% at 3,443.20.
Is the “Ghost Month” to blame for the recent rollercoaster ride in stock markets around the world?
During the first two weeks of August, stock markets worldwide had a freefall, went back up again, slid again, then back up once more. The Dow Jones Industrial Average (DJIA), for example:
And it’s probably just starting.
In a surprise move, the US Federal Reserve cut today the federal funds rate by three-quarters of a percentage point, in an attempt to fan … Read More
