United States

Dow Jones Industrial average drops 1,300 points last week

Investors should keep perspective and stick with their long-term plan


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Last week the Dow Jones Industrial Average and S&P 500 dropped more than 5 percent, marking the largest decline for U.S. equities since this past February. U.S. equity markets have now dropped for six straight trading sessions, the longest such stretch since November 2016. While no single factor is to blame for the recent pullback, a combination of factors have likely contributed to the decline including, rising interest rates, the ongoing trade dispute with China and elevated equity valuations.

Technology stocks, which have been a significant driver behind U.S. equity market returns over the past several years, have added to the malaise, as the S&P 500’s technology sector has been among the index’s worst performing sectors.

Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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