The Presidential Daily Brief

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    Stock Markets See Second Day of Losses

    The Dow dropped 545 points after widespread selling Thursday seeing a two-day loss of 5 percent, the largest in eight months. The Standard & Poor Index was also affected by 2 percent and Nasdaq 1.3 percent. Investors are wavering over rising interest rates as well as concerns over U.S. China ties – a slight rebound seen after President Donald Trump announced he’d be meeting President Xi Jinping. The finance sector is now braced for third-quarter earnings in coming weeks while Trump commented on interest rate hikes saying the Fed had “gone crazy.”

     

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