Financial Review

…Stock crash again. Stocks suffer when faced with trade wars, rising interest rates. Beige Book points to another rate hike. New home sales plummet. Earnings news: TSLA, MSFT, V, AMD, F, T. Financial Review by Sinclair Noe for 10-24-2018 DOW – 608 = 24,583 SPX – 84 = 2656 NAS – 329 = 7108 RUT – 57 = 1468 10 Y – .04 = 3.12% OIL – .40 = 66.42 GOLD + 3.30 = 1234.20 Once upon a time, stocks were up in 2018. Not anymore. The Dow Jones Industrial Average dropped 606 points and erased all of its gains for 2018. The S&P 500 dropped 3.1 percent and also turned negative for the year. The Nasdaq Composite fell 4.4 percent — entering correction territory — as Facebook, Amazon, Netflix and Alphabet all traded lower. That was the biggest one-day fall for the Nasdaq Composite since August 2011. Stocks have taken a beating this month. The Dow has dropped 7.1 percent in October, while the S&P 500 has pulled back 8.9 percent. The Nasdaq, meanwhile, has tumbled 11.7 percent. And since the market has taken out the lows for the y