Monday’s sell-off on Wall Street sent consumers into a panic as talk of a recession continued to heat up. Most S&P 500 stocks are now in correction territory, and the trade war with Canada, Mexico and China continues to heat up. Tuesday’s trading, meanwhile, was something of a roller-coaster, with stocks yo-yoing and finally settling at another loss.
The Dow fell 478 points, or 1.14 percent, with the Nasdaq index slipping 42 points (0.75 percent) and the S&P 500 largely flat, losing 32 points.
Here's the good news. Despite all the negative news and Monday's sell-off, we're not in a recession yet—and it's far from a sure thing. Consumer spending recently posted its first drop in nearly two years, but it's still in a very healthy range.
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