After The Bell: Stocks Fall As Forecasters Debate Downtown Vs. Correction

Andy Giersher
October 23, 2018 - 6:36 pm
Stock Exchange Wall Street

CHICAGO (WBBM NEWSRADIO) -- Stocks closed lower Tuesday, but were able to claw back from much steeper losses earlier in the session, as the tug-of-war between growth and value stocks continued.

The S&P 500 lost 15, the NASDAQ shed 31 and the Dow Jones industrial average closed down over 125 points, settling to 25,191.  At session lows, the Dow had fallen nearly 550 points, while the S&P 500 and Nasdaq were both down more than 2 percent.

"It was a wild ride and I think it is kind of indicative of a market that is going through an adjustment period.  Investors are trying to weigh a lot of tends and cross-trends in the market. Value versus growth, dividend paying stocks versus non-dividend paying stocks and with this transition investors are trying to figure out what to do,” Chuck Carlson, CEO of Horizon Investment Services, said.

He adds that individual investors who have a long-tern investment horizon should not be overly concerned about short-term volatility.