Stocks are down in 2021, but it’s not all bad news.
Stocks are down in 2021, but it’s not all bad news. The Dow Jones Industrial Average is trading at 19,517 points today, following a massive drop that started on October 27th. The Dow Jones is an index that tracks the performance of 30 major companies listed on the New York Stock Exchange. This means that the Dow Jones Industrial Average has dropped by nearly 2% since yesterday morning and continues to fall as of publication.
Why is the Dow Jones Industrial Average down?
The main reason for this drop is due to investors’ concerns over what will happen when Prime Minister Boris Johnson officially begins his term in office. Many are worried about how he will handle Brexit negotiations with the European Union, as well as how he will handle the aftermath of President Donald Trump’s recent tariff war with China. Both situations have caused investors to become more cautious about what they invest in and how much they invest.
