US stocks joined a global selloff, erasing the year's gains in the Dow Jones Industrial Average

US stocks joined a global selloff, erasing the year's gains in the Dow Jones Industrial Average. The Dow fell 317.06 points, or 1.9 percent, to 16,563.30 for the largest one-day retreat since Feb. 3. The Standard & Poor's 500 Index slid 2 percent, the most since April 10. The gauge dropped 1.5 percent in July, its first monthly decline since January. The Nasdaq 100 Index lost 2.1 percent. The MSCI All-Country World Index tumbled 1.5 percent for its worst loss in almost six months. The Fed is stepping out of the way and the market's valuation is high enough that people are quick to take profit. You are going to get more days like today, where investors are more trigger happy, quicker to liquidate. Everybody knows a correction is coming and it will come. Full article from Bloomberg: (VIEW LINK)


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