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July 19, 2018

Stocks repeatedly sink and recover as wild ride continues


NEW YORK — After big swings higher and lower, U.S. stocks are up slightly in afternoon trading Tuesday as investors look for calm after a global sell-off. The swings came one day after the steepest drop in 6 ½ years.

Major indexes in Asia and Europe fell following Monday’s 1,175-point drop in the Dow Jones industrial average. Investors remain fearful that signs of rising inflation and higher interest rates could bring an end to the bull market that has sent stocks to record high after record high in recent years.

Source: Boston Herald

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