How the stock market is doing in a global economy that is facing multiple crises
Bloomberg is reporting that the S&P 500 index of companies is trading at a 10-year low as the global economic crisis continues to weigh on investors.
That is a significant blow to stocks.
The S&s, which track companies’ stock prices, hit a record low on Jan. 4 as investors flocked to buy U.S. stocks amid the turmoil.
They hit an all-time low on Tuesday as investors rushed to sell stocks as the U.K. voted to leave the European Union.
The Dow Jones Industrial Average closed Tuesday at 22,946.23.
It’s a different story when you consider the U-S.
market is still growing.
The index of U.s. stocks rose by 7.3 percent in the fourth quarter, while the Dow Jones industrial average gained 2.9 percent.
But investors are also worried about a slowing global economy, which is dragging on growth in some emerging markets and slowing growth in China.
That has left the U