Stocks Tumble, But Still Await Positive Outcome

The Dow Jones Industrial tumbled more than 360 points, leading to a two-day decline the U.S have not seen since May.

Equities took a hard hit too. MetLife had disappointing numbers with tax cuts and new Amazon, JP Morgan and Berkshire Hathaway healthcare venture to blame. Apple hit a three month low, due to the government’s investigation of tethered iPhone performance by the company and low iPhone X sales.

Investors are unsure if new tax cuts and economic optimism are bringing in stronger corporate earnings.

With the week wrapping up, many investors are still awaiting companies to announce their earnings. Also, verification of predictions by economists that more jobs in January were added to U.S. economy than in December can have a positive effect on the stock market.

-Allen A Garzone II, Garzone Real Estate, Inc, Boston Real Estate Agent

-Allen A Garzone II, Garzone Real Estate, Inc, Boston Real Estate Agent

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