{"id":15799,"date":"2018-02-06T19:46:07","date_gmt":"2018-02-06T19:46:07","guid":{"rendered":"http:\/\/www.ceo-na.com\/?p=15799"},"modified":"2018-02-12T16:07:39","modified_gmt":"2018-02-12T16:07:39","slug":"the-dow-drop","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/business\/industry\/the-dow-drop\/","title":{"rendered":"The Dow drop"},"content":{"rendered":"

Wall Street and Dow Jones faced its\u00a0biggest one-day decline in years and here’s what you need to know.<\/strong><\/em><\/p>\n

<\/p>\n

This Monday was a scary day at Wall Street.<\/p>\n

The Dow Jones\u00a0plunged almost 1,600 points<\/a>, its biggest ever one-day point drop.<\/p>\n

As panic loomed over New York, buyers responded and limited the damage, however, the Dow Jones Industrial Average<\/a> registered\u00a0its worst closing point decline on record by the end of the day.<\/p>\n

Regarding the historic Wall Street day, many investors have reacted to the fact with various recommendations and view-points, these are some<\/a>:<\/p>\n

Reactions to the Dow drop<\/strong><\/h6>\n

For the JPMorgan office, Monday’s flash crash will “contribute to further outflows from systematic strategies in the days ahead (volatility targeting, risk parity, CTAs, short volatility).<\/p>\n

Bruce McCain, chief investment strategist at Key Private Bank, said\u00a0“People are dealing with the shock of seeing real inflation for the first time in a while”.<\/p>\n

As for\u00a0Ken Moraif,\u00a0Certified Financial Planner\u00a0from Money Matters in Plano, Texas, he told CNN Money<\/a>: “This is something that is attention getting, but not yet something you should react to.”<\/p>\n

Andres Garcia-Amaya, CEO of wealth management firm Zoe Financial, has said<\/a>: “The stock market is throwing a tantrum (…)\u00a0Take a deep breath… I know it’s been a while since we had a day like today, but nothing has really changed from a fundamental standpoint.”<\/p>\n

Bitcoin<\/strong><\/h6>\n

On Monday as well, the price of bitcoin fell below $8,000 for the third time in four days<\/a>.<\/p>\n

As of now,\u00a0$60 billion of valued have been erased from the cryptocurrency market in just 24 hours.<\/p>\n

Now, major banks are stopping people from buying bitcoins with credit<\/a> cards.<\/p>\n

Although the U.S. economy is healthy<\/a>, investors are saying the stock market was long overdue to take a breather, was this finally it?<\/p>\n","protected":false},"excerpt":{"rendered":"

Wall Street and Dow Jones faced its\u00a0biggest one-day decline in […]<\/p>\n","protected":false},"author":8,"featured_media":15800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[753,429,563,263],"class_list":["post-15799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-dow-drop","tag-dow-jones","tag-economy","tag-wall-street"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/15799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=15799"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/15799\/revisions"}],"predecessor-version":[{"id":15801,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/15799\/revisions\/15801"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/15800"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=15799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=15799"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=15799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}