Dow up, then down--instability in markets

                                      New York Financial District

                                     New York Financial District

There is still a lot of volatility in the stock markets in the USA and elsewhere:

August 25, 2015

U.S. stocks initially jumped Tuesday but the Dow, S&P 500 and Nasdaq all faltered as Wall Street sought to rebound from some from Monday’s 588-point drop in the Dow in a stock market rout that sent all the major indexes into official correction territory.

Blue chips comprising the Dow took a huge swing, giving up a 442-point gain to end 205 in the red.

The Dow Jones industrial average — now in a brutal, six-day losing streak — ended down 205 points, or 1.3% to 15,666.44. Losing 1.4% — 26 points — was the S&P 500, which settled at 1867.62.

Holding up better was the Nasdaq, which lost 0.4%, or 20 points, to 4506.49. …

European stocks rose sharply as France’s CAC 40 index added 4.1% and Germany’s DAX index was up 5%.

The People’s Bank of China said the rate for a one-year loan will be cut 0.25 percentage point to 4.6% and the one-year rate for deposits will fall to 1.75%. The central bank also lowered the amount of crash reserves Chinese banks are required to hold.

The announcement was made after the close of Chinese and other Asian markets, which were volatile Tuesday as Chinese stocks plunged again and Tokyo markets also fell sharply after earlier rebounding. The Shanghai composite index declined 7.6% to 2,964.97. The index is now below the psychologically important 3,000 level.

Of course, stock prices rise and fall. Many countries are affected by the latest market volatility.  Some wonder if volatility is going on because some want to implement more financial controls internationally (which will happen, cf. Revelation 13:16-18).

As far as the USA itself goes, the efforts of those in the USA to pump counterfeit dollars through a program called “quantitative easing,’ as well as federal deficits, has sometimes propped up the USA stock market, but eventually reality and truth matters. ...

News Presenter:  John Hickey