The Dow Lost Roughly 300 Points. Why Stocks Continue To Fall
The positive energy on Wall Street is quickly dwindling: On Friday, US stocks fell once further as investors dealt with a faltering economy. The Dow lost 282 points, or 0.9%, on the day. Both the S&P 500 and the Nasdaq Composite experienced 1.1% declines. Although there has been a general sell-off, the consumer discretionary and real estate sectors were the hardest hit, falling more than 3% and 1.8%, respectively. Is the Fed at fault? This week has shown how quickly sentiment on Wall Street can shift. For example, since the Federal Reserve's somber policy announcement at 2 p.m. ET on Wednesday, the Dow has dropped by nearly 1,050 points. The Fear and Greed Index, a gauge of market emotion developed by CNN Business, finally fell into "Fear" on Friday. For weeks, the market has been in a "Greed" state. Stocks have been rising this month as a result of news on the overall economy and the employment sector that were more positive than anticipated and weaker-than...