New York City Ballet's sugar plum fairy opened NYSE trading on Christmas Eve. And Santa sent some upbeat economic data to carry US stocks to further alltime highs.
The US Dow Jones stock index plunged 4.6 percent Monday, in its biggest one-day percentage loss since 2011. The selloff has wiped off all its gains since the start of 2018. Asia shares have also been down sharply.
US stock markets went through more chaos on Thursday, with the latest losses only slightly behind the record-breaking Monday trimming as concerns mount over inflation and interest rate hikes.
Wall Street ended the day Tuesday, with solid gains after a rollercoaster ride that saw losses halved from Mondays plunge. Markets in Asia were down seven percent but regained momentum to close down 4.7 percent.
At the NYSE, stockbrokers and traders run the show, except when the show runs them. Just how much influence do the iconic traders in the headlines and front page pictures really have?
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