The start of a fresh trading week on Wall Street meant stale results for the Dow and NASDAQ as the Dow Jones industrial average dropped by over 132 points in afternoon trading before settling at 17,732. Visa, Microsoft and Apple were among the Dow’s biggest losers today. The NASDAQ lost 1%. There were two big focus points for investors that led to instability on the markets today:
- This week’s scheduled Fed meeting
- The upcoming U.K. (Brexit) vote on June 23rd on whether to leave the European Union.
Maris Ogg, president of Tower Bridge Advisors said:
“To me the worry is really low growth that gives you very little cushion and room for error.”
Meanwhile, a survey of 41 Wall Street analysts shows what experts believe to be, are the biggest threats to the U.S. economy.
Here are the final numbers from Monday, June 13th on Wall Street:
Dow Jones Industrial Average: 17,732.48 (-132.86 / -0.74%)
NASDAQ: 4,848.44 (-46.11/ -0.94%)
S&P 500: 2,079.06 (-17.01/ -0.81%)