Wall Street traders have had a nervous weekend following Friday’s dramatic slide in the value of stocks.
They’ll be looking to see whether the trend continues when markets re-open on Monday.
The Dow Jones Industrial Exchange shed 530 points on Friday, as Chinese stocks crashed again and oil was trading below $40 a barrel.
But Liz Ann Sonders, chief investment strategist at the brokerage house Charles Schwab, says traders would be wise not to panic.
IN: “I think….”
OUT: “….is fairly low”
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Liz Ann Sonders, chief investment strategist at the brokerage house Charles Schwab, says it’s much too soon to talk of a possible US recession.
IN: “It’s almost….”
OUT: “…in percentage terms”
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