Dow is Down 670 Points Marking One of the Biggest Single-Day Drops in American Financial History
The Dow closed down around 670 points, the biggest drop in two years. John Petrides is the Managing Director and Portfolio Manager at Point View Wealth Management, Inc. Petrides joins Cheddar to help explain why the market experienced such a drop today.
Petrides says interest rates could have had a part of the drop.
Petrides says this should be treated as a buying opportunity. When it comes to which sectors to focus on, Petrides thinks there will be more activity for the banking and financial sector. He also thinks the healthcare sector will also be strong as the world population continues to age.
AI is reshaping investigations. Longeye CEO Guillaume Delepine shares how their AI workspace empowers law enforcement to uncover insights faster and smarter.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
