President Trump urged investors to be wary of “rich guys” using their platform to comment negatively about stocks, when they tend to profit from betting against the market.
The market has been trading laterly for the last 4.5 wks after coming off its best month in a generation, as optimism about reopening the economy Vs with worries about the dangers of lifting the C-19 coronavirus chaps restrictions too soon.
Wednesday, at the close: DJIA -516.81 to 23247.97, NAS Comp -139.38 to 8863.19, S&P 500 -50.12 to 2819.87
The S&P 500 lost 1.8% Wednesday in a broad-based decliner, as investors respected some cautious commentary from Fed Chairman Powell. The DJIA declined 2.2%, the NAS Com declined 1.6%, and the Russell 2000 declined 3.3%.
Have a healthy day, Keep the Faith!