8/18/2023 0 Comments Dia stock market watch![]() ![]() Bourses from Moscow to Johannesburg and Warsaw tracked developed markets lower. The broader index was pulled lower by falls in heavyweight South Korea where Samsung shares tumbled more than 2 percent after the chipmaker’s chairman continued in his role despite an indictment for allegedly sabotaging labour union activities. Meanwhile, emerging stock markets snapped a two day winning streak to weaken 0.3 percent on Friday. Vulnerable to foreign investment flows due to sizeable current account deficits, Indonesia’s rupiah, Philippine peso and India’s rupee were all in line for monthly losses, the latter the worst performing currency across Asia. China, yuan was on track for its sixth straight months in the red as trade woes weighed. ![]() However, Asian markets painted a more sombre picture. Treading water on the day, South Africa’s rand, Russia’s rouble, Mexico’s peso and the Brazilian real all looked on track for monthly gains following losses in August. And overall, the pressure on emerging markets is easing anyway.”Ĭurrencies elsewhere painted a similar picture. “Turkey’s government is getting a bit the benefit of the doubt at this point, especially (Finance Minister Berat) Albayrak. but what he said this week was seen as a signal that he is giving some time to the central bank,” said Kaan Nazli, senior economist emerging markets debt at Neuberger Berman. “Clearly President Erdogan has his views on the central bank, and how it should conduct itself. pastor could be resolved soon and from recent assurances by President Tayyip Erdogan on central bank independence after policy makers delivered a bumper 6.25 percentage point rate hike. Markets were taking heart that the standoff between Washington and Ankara over the fate of a U.S. MarketWatch." Dow Jones Industrial Average.Following seven straight months of losses, the lira strengthened as much as 1 percent on the day, ventured below the psychological 6-to-the-dollar level and was on track for a near-10 percent gain against the dollar. " SPDR Dow Jones Industrial Average ETF Trust." ![]() " Forty Years Ago: The Cuban Missile Crisis." " Asian Financial Crisis."īauer College of Business, University of Houston. “ That’ll Do, Dow: The Average’s 9-Day Rally Is Over-But Still Historic.”įederal Reserve History. “ The Dow Registered Its Longest Stint in Correction Territory in Nearly 60 Years.” " Dow Jones Industrial Average," Scroll Down and Download DJIA Daily Performance History. " The Dow’s Best & Worst Days (and Years) - Top Daily Point Losses." " Consumer prices up 9.1 percent over the year ended June 2022, largest increase in 40 years."īoard of Governors of the Federal Reserve System. " Crude oil prices rise above $100 per barrel after Russia’s further invasion into Ukraine."īoard of Governors of the Federal Reserve System. However, the 2020 stock market crash and recession saw record-setting drops. It hadn't fallen 20% since then until March 2020, making it the longest-running bull market in U.S. A bull market had been running since March 11, 2009, when the Dow closed at 6,930.40. A bear market (prices decrease 20% or more) occurs during a recession and a bull market (prices increase) during an expansion. The stock market historically performs similarly to the economy. That launched a bear market and ended the 11-year bull market that started in March 2009. The Dow fell a record 2,013.76 points to 23,851.02, then fell again two more times that year-the three worst point drops in U.S. The stock market crash of 2020 began on March 9, 2020.The Dow set several new all-time highs throughout 2021, including one on the last trading day.The most recent Dow record closing was on Jan 4. ![]()
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