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Local Reaction To Wall Street Volatility

From Friday, February 9:UNDATED (AP) _ Wall Street has capped a day of wild swings with a late-afternoon rally that reversed steep early losses and sent the Dow Jones industrial average higher. Even with the rebound, this was the worst week for the market in about two years. The S&P 500 rose just over 38 points, or 1.5 percent, to 2,619. The Dow gained 330 points, or 1.4 percent, to 24,190. And the Nasdaq composite added 97 points, or 1.4 percent, closing at 6,874.

Investors in the stock market shold always anticipate periodic dips, even in the most bullish conditions. That’s among the observations from Bryan financial adviser Greta Messarra-Woodward. She says among the reasons for the recent selloff on Wall Street is last week’s announcement of the U.S. having its lowest unemployment level in 17 years. She says that and higher wages may lead to higher inflation and the Federal Reserve becoming more aggressive in raising interest rates.

Click below for comments from Greta Messarra-Woodward, visiting with WTAW’s Bill Oliver.



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Posted by on Feb 10 2018. Filed under Featured Stories, News.
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