The Wall Street Journal reported that in just a few days, American corporations have doused months of euphoria for stock investors.
The Journal noted that investors have been disappointed with reports of lackluster earnings or forecasts, fueling fears the global economic recovery isn’t as robust as once thought.
The Journal said that the recent decline in the stock market, some $500 billion has been wiped from the value of U.S. stocks. The slump marks a shift in sentiment for investors, the Journal notes, saying just two weeks ago investors were debating how soon the Dow would hit a record. Now the question is how much farther the market could fall.
To read the Wall Street article, click here.