On Friday, the Dow Jones, S&P 500, and Nasdaq fell unexpectedly marking one of the worst trading days in two years. Instability has continued over the weekend and the coming week is riddled with uncertainty. People are now asking if this is the beginning of a market crash or just a price correction after the tremendous growth during 2017.
Wall Street was taken by surprise on Friday when the Dow Jones fell with 666, both Nasdaq and S&P 500 were quick to follow resulting in one of the scariest days on the market in over two years.
But it didn’t end there. The tremendous market sell-off has continued over the weekend adding a 250 point fall to the Dow Jones during Sunday and people are now getting worried about what will happen to the stock markets during this coming week.
Will the Market Fall Even More or is it About to Stabilize?
It’s hard to say, however, after the incredible growth during 2017 it was suspected that a market correction would happen sooner or later. According to some experts, the sell-off is even late which is one of the reasons why it’s been so dramatic.
All in all, it is not looking too bad and if the market can find some stabilization when it opens on Monday morning we don’t have to fret. And let’s not forget that the market is still up a lot over the past year with the S&P 500 topping the list at 30% since this time last year.
As we’ve mentioned in the past, we are expecting major growth on the tech market in the coming year and the predictions for 2018 remain the same even after Fridays scare. The Amazon stock prediction is looking especially strong.
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