Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
The Markets (as of market close December 14, 2018)
A market correction refers to a decline in a stock or index of at least 10% following a temporary high price.
After last week's losses, the Dow, S&P 500, and Nasdaq are entering correction territory. Of the benchmark
indexes listed here, only the Nasdaq remains ahead of its 2017 closing price. The Russell 2000, which had
pushed year-to-date gains of over 10%, now wallows more than 8.0% below last year's ending value. It
appears last week's sell-off was fueled by increased investor fears of a global economic slowdown resulting
from unfavorable reports on Chinese and eurozone economic indicators.
Click on the PDF below to read the full article.