Investment adviser explains what’s happening on Wall Street

The Dow closed the day down almost 590 points

FILE - This Oct. 2, 2014 file photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. A fresh sell-off of Chinese shares prompted renewed jitters across global markets on Thursday, Aug. 20, 2015. (AP Photo/Richard Drew, File)

SPRINGFIELD, Mass. (WWLP) – Monday was a nerve racking day for anyone with money in the stock market. The Dow plunged 1,000 points just minutes after the opening, following a days-long slump in the Asian markets.

The numbers slowly climbed back over the course of the day. At the close, the Dow had recovered somewhat but ended the day down almost 590 points, a loss of more than three-and-a-half percent.

The stock market swings created a lot of uncertainty and fear about people’s financial futures. 22News spoke with Springfield Investment Adviser Mark Teed from Raymond James Financial, to find out what’s going on.

Watch the video above to hear what Teed had to say.

Comments are closed.