The market has been in an extended slide over the past few weeks, with home prices falling by 7.3 per cent in the first half of the year, according to the latest data from the Bureau of Statistics.That compares with a 10.2 per cent drop in the year to February."There is no reason for anyone to believe that the market will collapse in the near future," said economist John Kynaston."It is a bubble t...
The Dow Jones Industrial Average closed down more than 1% in after-hours trading on Wednesday after the hurricane devastated the town of Dow Jones, Florida.
Dow Jones has been in a slump for months as the market struggles to adjust to the hurricane, and investors are looking for a fresh start, which they have been unable to find.
The Dow fell nearly 1,300 points to 17,632.95 on the New York Stock Exchange, but its rally has been slowed by hurricanes, including Harvey and Irma.
The Dow has fallen for more than two weeks in the past month.
The Nasdaq composite index closed down 2.2% at 2,734.15.
The S&P 500 was up 0.6%.
The Dow Jones closed down about 1% at 15,051.30.
The Standard & Poor’s 500 index closed up 0,715.93.
The Nasdaq closed down 1.3% at 5,569.93 and the Dow Jones was up 4.3%.
P. 500 was down 1% and the Nasdaq Composite was down 3.9%.