YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Following a dip by retail and health sector stocks, the Dow Jones Industrial Average fell Monday to its lowest point in over a year.
The Dow dropped by 507 points on Monday, on the heels of a 496-point dip on Friday – both 2 percent losses. Analysts described the moves on Wall Street as a panic by retail investors.
Less than 40 stocks in the Standard & Poor’s 500 finished Monday higher, resulting in its lowest level since Oct. 9, 2017, according to U.S. News & World Report. It has fallen 13.1 percent since its last record close on Sept. 20.
Meanwhile, oil dropped below $50 a barrel, its lowest price since October 2017.
Read more from U.S. News.
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