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.
The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers.
A commercial fisherman accused of conspiring with others to sell 200,000 pounds (90,000 kilos) of fish in excess of legal quotas has been convicted in federal court in New York.
