Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, October 24. With today’s more than 600-point slide, the Dow Jones Industrial Average dropped 2.4% and lost all of its yearly gains. The S&P 500 and NASDAQ also declined—down 3.1% and 4.4%, respectively. Jim emphasized that despite the stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. market’s recent losses, economic fundamentals continue to indicate that the U.S. economy remains in growth mode. In terms of earnings, Ford and Microsoft both surpassed sales and profit expectations and rose 5% and 4%, respectively, in after-hours trading.
