Dow Jones industrials fell more than 1,500 points on Monday. This marked the largest single-day point drop in history. Melissa Armo, Owner of The Stock Swoosh, explains her outlook on the market amid this volatility.
"I would not panic at this point," says Armo. "When you look at it in the whole--in the bigger picture--it's really not that terrible."
The deadline for a budget resolution before a government shutdown is on February 8th. Armo says this looming deadline could be impacting investor confidence.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
