the last thing they need is a shutdown. fear has gripped the markets. dow dropping 464 points on thursday. the average closed below 23,000 for the first time since october of 2017. the nasdaq lost 1.6%. just avoiding closing in the first bear market since the great recession. the s&p tumbling 1.6%. that s down 16% from the high. investors rattled by the federal reserve s decision to raise interest rates for the fourth time this year despite evidence of slowing economic growth. worries of the supply glut. that knocked oil in a bear market. crude plunged on thursday to just over $45 a barrel. the first time since august of 2017 that oil has ended below $46 a barrel. investors moving away from risky stocks. we re watching shares of tesla
interest rates for the fourth time this year despite evidence of slowing economic growth. worries of a supply glut. crude plunging to $45 a barrel. this is the first time since august of 2017 that oil has closed below $46 a barrel. investors are moving way from risky stocks. tesla losing 5%. jc penney losing 6%. if you are invested in the market, your returns are in the red. wiping al out all of the gains the year. if you are keeping score at home, they were up 45% this time during president obama s presidency. not a scorecard he wants to see. ahead, a top senate democrat says william barr has disqualified himself for being
street needs is a partial shutdown. fear had a real gripping effect on the markets this week. dow dropping 464 points on thursday. the average closed below 23,000 for the first time since october of 2017. we are going back in time. the nasdaq lost 1.6%. just avoiding closing in the first bear market since the great recession. the s&p tumbling 1.6%. we re seeing investors rattled by the fed reserve s decision to raise rates despite evidence of slowing economic growth. woi worries of the supply glut. crude plunged on thursday to just over $45 a barrel. the first time since august of 2017 that oil has ended below $46 a barrel. investors moving away from risky stocks. tesla lost 5%.
fizzled. the index had been up as much as 335 points. the s&p 500 was pretty much flat, while the nasdaq gained a fraction. both the dow and the s&p 500, they remain on track for their worst december since the great depression. the bear market and oil, that keeps getting worse amid worries about global growth and a supply glut. u.s. oil prices, they plummeted 7% to $46 a barrel. that s the lowest close for oil since august of 2017. today is an important day for wall street and the federal reserve. the fed is widely expected to raise interest rates for a fourth time this year. investors are really going to be listening closely to what happens after the decision made. they ll be listening to jay powell to hear the strategy for the fed moving forward for 2019. keep in mind president trump has repeatedly attacked the fed chair, powell, and blames rate hikes for some of the markets recent drops. president trump s personal charitable foundation is folding up amid a lawsuit over its
fizzle out, the index happen up as much as 335 points. the s&p 500 ended unchanged while the nasdaq gained a fraction. both the dow and the s&p 500 remain on track for the worst december since the great depression. the bear market and oil, that keeps getting worse amid worries about global growth and a supply glut. u.s. oil prices plummeting 7% to $46 a barrel the lowest close since august of 2017. today once again a very important day for wall street and the federal reserve. the fed is widely expected to raise interest rates for a fourth time this year. but that s not the surprise. investors are really going to be listening closely to what powell says is going to happen next year. president trump has repeatedly used the fed chair, jerome powell, as his pinata and blames rate hikes for the market s recent drop. it s going to be interesting to see what the fed decides to do next year. what s the fed s strategy with you know, how many, how much, will it