WASHINGTON, DC—The Dow Jones industrial average, as we all know, closed on Friday some 531 points lower, entering into a correction for the first time since 2011. Likewise the Nasdaq Composition, which closed on Friday 3.5% lower.
The reason, again as most people are aware, is due largely to the uncertainty about China, egged on a bit further by oil prices that dropped, albeit briefly, to below $40 a barrel.
Ironically, the US economy itself is fine although certainly not as robust as most would like to see, but then that has been its story since the beginning of the recovery.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
