The Dow Jones Industrial Average slid more than 2% on Friday alone, and today isn't shaping up to be much better. Dow futures are already down 74 points ahead of trading today, and the index is now on the verge of falling below the 24,000 level.
Investors are again wary of the ongoing trade battle between the United States and China, which is fueling a flight from equities into safe-haven assets. That could just be the start of a coming crisis that could make the Great Recession seem like day at the beach. More on that later...
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
The pension industry is sitting on a massive $6 trillion lie - and Congress won't own up to the truth. Now, that lie has become a silent killer for the retirement dreams of millions of Americans.
Stock prices will implode, the bond market will crash and burn, interest rates will skyrocket, and most importantly, it will drive millions of American seniors to the brink of bankruptcy... and beyond. The rich will get richer, and everyone else who doesn't prepare will financially drown.
With this guide, you can learn how to save yourself.
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