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.

More In Business

Why Tulsa, Oklahoma Might be the Next Big City

Ashli Sims, Managing Director of Build In Tulsa, discusses how the organization is creating an equitable economy in Tulsa. Sponsored by Build In Tulsa

Disneyland’s Iconic It’s a Small World Ride Is Closing for Months

Disneyland announced that one of its long-standing fan-favorite rides will undergo two lengthy closures in the coming months.

Is Caroline Ellison's Sentencing the End of the FTX Scandal?

Oliver Linch, CEO of Bittrex Global, joins Cheddar to breakdown what happened to Caroline Ellison and discusses the future of cryptocurrency. Watch!

Rapper Common Partners with T-Mobile to Bridge the Digital Divide

PLUS: The Oscar, Grammy, and Emmy winner shares the lyric that inspired him most.

Was There a Palace Coup at the Magic Kingdom? Inside the Bob Iger, Bob Chapek Shake-up

James Stewart joins Cheddar to discuss his New York Times article on what really went on behind-the-scenes at Disney when Bob Iger took back his spot as CEO.

United Arab Emirates: Dubai’s Tourist Surge Hits 9.31M with D33 Goals

Dubai welcomed 9.31 million international tourists this year, a 9% increase. The 'D33' Agenda aims to double GDP by 2033 through innovative projects.

Regional Bank Boom: How Citizens Financial Is Crushing the S&P 500

Citizens Financial Group outpaced the S&P 500 with a 20.1% gain in 3 months, 25.7% YTD, and 51.3% in a year.

What Happens In Vegas! Sin City Debuts New Social Media Savvy Slogan

Steve Hill, CEO & President of Las Vegas Convention and Visitors Authority, talks all things Sin City including transportation news, nightlife and the Sphere!

FICO Utilizes AI To Enhance Business Decision-Making

AI is revolutionizing credit scoring by analyzing diverse data sources, enhancing accuracy & financial inclusion for those lacking traditional credit histories.

The Future of Mergers & Acquistions After Interest Rate Cuts

Founder & CEO at Align Business Advisory, Dena Jalbert, joins Cheddar to discuss the future of the M&A space and which sectors to watch out for. Watch!

Load More