SPX & Dow Plunge for Wk2 Dec. 21 | Fundamental Analysis
In the wake of Sen. Joe Manchin's announcement that he could not back President Joe Biden's $2 trillion spending plan, the Dow Jones Industrial Average dropped more than 600 points on Wednesday. According to Goldman Sachs, Vice President Joe Biden and Democrats are preventing the United States from achieving its growth prediction for 2022. Others fear that the Federal Reserve's "accommodative" policies might lead to an economic disaster. There is a curfew in place in the Netherlands until the middle of January, and authorities in the United Kingdom have warned that more restrictions might be implemented before the holiday season begins. According to the British Medical Association, nearly 50,000 physicians, nurses, and other members of the National Health Service may become ill by Christmas Day.
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