Stock Market Could Stabilize After Two Days of Turbulence
The stock market could begin to stabilize Friday following two turbulent trading sessions.
Companies will begin releasing their third-quarter earnings Friday morning and afternoon.
With strong profits expected by most, market analysts say spooked investors should start to calm down.
This comes after the Dow tumbled roughly 1,400 Wednesday and Thursday combined.
The drop was triggered by the Federal Reserve increasing its short-term interest rates.
It’s supposed to prevent over-inflation and an unsustainable growth.
President Trump disagrees with the fed raising interest rates calling it crazy.
Some traders blame the recent corporate tax cuts.
They say it caused a short-term boom that burned too hot, too fast.