Dow Risks Crisis After IMF Slashes Economic Forecast

Since Tuesday’s opening bell, the Dow Jones Industrial Average has dropped by 180.18 points or 0.68 percent to 26,160.84. The index is now down more than 300 points since last Friday. Judging by the IMF’s latest economic forecast, the bleeding might just be getting started. IMF Slashes Forecast, Pushing Dow Down While various factors including the underwhelming performance of major conglomerates such as Boeing and GE are said to have led the Dow to slip in the past several days, strategists seem to be primarily concerned by fears regarding a global economic slowdown. On Tuesday, the International Monetary Fund (IMF)

The post Dow Risks Crisis After IMF Slashes Economic Forecast appeared first on CCN

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