Sell-off on Wall Street: Why it is happening and what it says about the economyDon Lee | Los Angeles Times (TNS)It’s nail-biting time on Wall Street. The sudden pullback has jolted investors and raised questions that go beyond financial markets to questions about the underlying health of the economy. Here are first-draft-of-history answers to some of the crucial questions:What’s causing the current plunge in U.S. stock markets? The huge losses were seen, in part, as being a reaction to market declines and growing concerns in the U.S.“It’s an unfortunate sequence of events that causes selling, selling, selling,” said Christopher Rupkey, chief economist at Fwdbonds, a research house in New York. How have stock markets in the U.S. performed overall this year?

Source: Los Angeles Times August 05, 2024 22:47 UTC