Stocks suffer worst week in two years

[mystery-ak]

Stocks suffer worst week in two years
By Sylvan Lane - 03/23/18 05:22 PM EDT

U.S. stocks suffered their worst week in more than two years after closing Friday with heavy losses.

The Dow Jones industrial average fell 1.8 percent Friday, a 425-point drop, to close at its lowest level since November. The index fell 5.7 percent this week.

It is down 11.6 percent from its 52-week high, entering a formal correction, which is a 10-percent drop from an index or stock’s 52-week peak.

The Standard and Poor’s 500 index dropped 2 percent Friday, driving its weekly loss to 5.9 percent. The S&P took heavy losses from battered financial stocks, though the index avoided hitting correction level.

The Nasdaq fell 2.4 percent Friday, losing 6.5 percent on the week, weighed down by fading technology stocks.

more
http://thehill.com/policy/finance/380022-stocks-suffer-worst-week-in-two-years-as-wall-street-fears-trade-war

[Fishrrman]

Yet, at the same time, consumer confidence is up, the unemployment level is low, government revenues are up (even with the tax cut).

I came to the conclusion some time ago that "the stock market" really has little to do with the well-being of the average American, or even with the economy in general.

Back in the 1920's this may have been different.
But today, again, not so much.

My opinion only.