The Key Factor Spooking Investors and Sending Stocks Into Freefall
The Dow suffered its worst point drop in history, closing down over 1,000 points. Riva Gold, Markets Reporter at WSJ joined to break down the factors spooking investors.
Gold emphasized that the big scare in the market was triggered by the wage growth in the jobs report. She added that it brought worries of inflation and rates hikes back into the spotlight. Gold said the fundamental backdrop for stocks hasn’t really changed. She points to corporate earnings and credit market as indicators that the market could be in good shape.
Gold said the biggest factor dragging down market is fear of fed raising rates. She thinks it's a a wake-up call for the equity markets that inflation will accompany growth. This means corporations will have to pay employees more, which ultimately weighs on profits, Gold added.
Meridith McGraw, White House Reporter at The Wall Street Journal, breaks down Trump’s $200M ballroom plan, D.C. police tensions, and the future of MAGA.
After years of being told that red wine was good for heart health, more Americans appear to be heeding warnings that even moderate alcohol consumption can be unhealthy.
Amazon is now rolling out a service where its Prime members can order their blueberries and milk at the same time as their batteries and other basic items.
Dr. Richard Besser, President & CEO of the Robert Wood Johnson Foundation and former CDC acting director, unpacks the impact of RFK's mRNA funding cuts.
Jessica Inskip, Director of Investor Research at StockBrokers.com and host of MarketMakeHer, unpacks earnings, market outlook, and what history says is next.
Laura Desmond, CEO of Smartly, explores how Big Tech giants are competing for ad dollars in a shifting digital landscape and how Smartly is here to help.
