Dow Jones plunges 1,000 points as inflation fears spook investors
Another day of wild swings in the financial markets saw further than 1,000 points wiped off the Dow Jones industrial average – a loss for the day of over 4%. 733.08, 15 October 2008 worries still in spite of universal bank bailout plans unveiled. Show Hide 22.61% – 19 October 1987 universal markets fall amid growing tensions in the Middle East among Iran & the US, by warships attacked. 7.87% – 15 October 2008 As the universal financial problem continues, worries grow in spite of universal bank bailout plans unveiled. However, the governor told the banking system was best equipped to bargain by sharp moves in the financial markets.Dow plunges further than 1,000 points on specter of higher interest rates
As it stated in (Jhaan Elker,Heather Long/The Washington Post)The Dow Jones industrial average nosedived further than 1,000 points Thursday, registering another eye-popping loss for the closely-followed index, as wild trading & fears of hight interest averages around the world took hold of traders. Investors too are growing concerned which inflation Information Systems rising, which Information Systems involuntary central banks to increase interest rates. Instead, policymakers going to be raising interest averages to save inflation in check. Alexandra Coupe, associate director investment manager PAAMCO, told hight inflation makes stocks less attractive as a place to invest. "If I have to select bonds or equities, by interest averages going up, bonds only got further attractive," she said.collected by :Dicson Walt
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