The Dow closed today down more than 300 points. The major dip occurred on the same day as President Trump's first State of the Union address. Stepehn Massocca is a managing director at Wedbush Equity Management. He joins Cheddar to break down the major dip. When asked if he expects this dip to continue, Massocca says he thinks it will depend a lot on the fixed income market. That being said, Massocca does not anticipate a continued decline.

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Layoffs are piling up, raising worker anxiety
It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors. Some companies have pointed to rising operational costs due to U.S.'s new tariffs, while others have redirected money to artificial intelligence investments. Workers in the public sector have also been hit hard. Federal jobs were cut by the thousands earlier this year. And many workers are now going without pay as the U.S. government shutdown has now dragged on for more than a month.
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