Stock hammered amidst more signs of a coming recession
San José, CA – The New Year is starting off much the way 2018 ended: with U.S. stocks being hammered again. On Thursday, January 3, the Dow Jones Industrial Average (DJIA) fell more than 600 points, the technology heavy NASDAQ fell more than 200, and the broad S&P 500 fell more than 60 points. All the averages fell more than 2% to put the year into the red.
Apple Corporation, which just a few months ago was the first company to rise above $1 trillion in stock market value, fell more than 8% after reporting that sales and profits were down for the last three months of the year. Delta Airlines also cut back on their estimated sales in the fourth quarter, dragging down other airlines with it. The Institute for Supply Management released their report on December manufacturing, which fell 8 points from November, the biggest one month drop since the financial crisis in 2008.
These reports add to the growing view that the almost ten year economic expansion is coming to an end. These cycles of boom and bust are a regular feature of capitalism. Businesses make a profit by paying workers less than the value of what their labor produces, so they are not able to buy everything they make. At the same time, companies reinvest their profits to be able to produce more and more. This leads to what Marx called a “crisis of overproduction” or what is commonly called a recession.
Recessions cut deeply into corporate profits, which are the foundation of stock prices. As more signs of a coming recession are revealed, investors are selling stocks and forcing prices down.
Source: https://www.fightbacknews.org/2019/1/4/stock-hammered-amidst-more-signs-coming-recession
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).