Is the Stock Market Scare finally over?

Luke Bakshandeh


This chart shows the Dow Jones Industrial Average (INDU) over the past year

Many Americans have undertaken one of the most painful yet at the same time enjoying rollercoasters to ever exist: the stock market of 2018. The Dow Jones Industrial Average (INDU) hit as high as 27000 points in October 2018, making many people ecstatic. However, in the recent months, especially December, the INDU plummeted as low as 20000 points. Thankfully, over the recent days, the stock market has surged a great amount, one day moving up as high as 1,000 points, making many believe the stock market is back on the right track. Economists and Wall Street experts believed the December stock market disaster was due to a number of factors. These include, but are not limited to the federal reserve hiking up interest rates for the fourth time in 2018, and concern about trade and tariff tensions – especially between the U.S. and China. The federal reserve hiked up interest rates due to the fact that the economy has been surging over the past few years after the recession in 2009. Hopefully, the stock market will continue to rise, but we have no way of predicting, as we just have to ride this roller coaster and see where it takes us.