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The Dow Falls By 650 Points


The Dow plunged by 650 points today. Other stock exchanges also slid by a large amount. This is makes it the worst Christmas Eve for stocks in US history. This happened after Steve Mnuchin, who is the current Secretary of the Treasury, tweeted that he met the CEO’s of the 6 largest banks in the nation. This left many investors confused and the stocks plummeted. Donald Trump reacted to the news by blaming it on the Federal Reserve. He tweeted “The only problem our economy has is the Fed. They don’t have a feel for the Market, The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!". December has been an overall bad month for stocks. The Dow and S&P 500 have fallen by 13% while NASDAQ has fallen by nearly 15%.

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