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Dow Jones Falls, Bitcoin Soars On Rate Jitters As Government Shutdown Risk Grows; Yellen Sends This Warning

From investors.com

The Dow Jones Industrial Average dropped nearly 100 points on the stock market today, but bitcoin gains managed to drive several cryptocurrency stocks higher. Meanwhile, Treasury Secretary Janet Yellen issued a warning ahead of a major inflation report as a partial government shutdown looms. Dow stocks dropped further below the 39,000 level Tuesday with a 0.3% loss, while the S&P 500 managed a 0.2% rise. Among the S&P sectors, communication services and utilities gained, while energy and health suffered. The Nasdaq was flat earlier but revived to advance 0.4% at the end of the trading day. Volume on the New York ... (full story)

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  • Category: Fundamental Analysis