The stock market continued to lose ground Monday after Friday's steep drop, with the Dow Jones industrial average down nearly 1,200 points — its worst single-day drop.
Major stock indexes dropped sharply Friday; the Dow Jones industrial average tumbled 2.6 percent amid signs that wage growth is picking up. It was the Dow's worst weekly performance in two years.
Stocks have been rising for years, and they are starting 2018 with another shot upward. The Dow Jones industrial average closed at about 25,000 — the fastest run to a new 1,000-point milestone ever.
Economists and market analysts are optimistic about the outlook for the new year. Most are predicting continued job growth, rising stock prices and healthy profits. But slow wage growth could hurt.
The Dow Jones industrial average topped 23,000 for the first time, crossing another milestone amid better-than-expected earnings reports and concerns that stocks are approaching another bubble.
Stanley Fischer says that despite record highs in the stock market — boosted by the Fed's low interest rates — he doesn't see a bubble. But he says the U.S. debt could be a problem if rates go up.
Stocks continue to be on an absolute tear lately, with the Dow topping 21,000. Investors wonder if the bulls will keep running. Experts offer tips on what to keep in mind and whose advice to trust.