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.
Merriam-Webster has fully revised its popular “Collegiate” dictionary with over 5,000 new words. They include “petrichor,” “dumbphone” and “ghost kitchen.” Also “cold brew,” “rizz,” “dad bod,” “hard pass,” “cancel culture” and more.
YouTube will offer creators a way to rejoin the streaming platform if they were banned for violating COVID-19 and election misinformation policies that are no longer in effect.
Lukas Alpert of MarketWatch explores how networks, brands, and ad buyers absorb the shockwaves when late‑night show hosts are suddenly cut — and brought back.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
