With the recent stock market decline, I lost 13 percent of my portfolio. It was worse, but some came back. I don’t like it because I retire in three years when I’m 60. Any suggestions?
Well, that was exciting. Days after China threw the biggest scare into Wall Street in years, U.S. stocks have come surging back and ended the week Friday on a placid note that suggested the worst may be over for now.
Following a steep, early decline and a late day rally, the Dow Jones Industrial Average finished more than 500 points down Monday, amid growing concerns about the Chinese economy. The roller coaster ride on Wall Street could continue Tuesday.
The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.