Dow is Down Around 1,800 Points After Last Two Sessions
Chad Morganlander is a Portfolio Manager at Washington Crossing Advisors. Morganlander joins to discuss what's next for the stock market after the Dow has lost 1800 points over the last two trading sessions.
Morganlander says investors need to keep perspective. When it comes to advice for the average investor, Morganlander does not advise pulling out all of your money. He says you should keep your investments for the companies that do not carry a lot of debt and are trustworthy.
Even though Morganlander said he expected this to happen, the problem is you never know exactly when it is going to happen.
The nation's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
Walgreens Boots CEO Rosalind Brewer has stepped down after less than three years at the helm of the drug store chain that is undergoing a sizeable transformation, one that has come at a cost.
