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Dow Jones Loses Nearly 270 Points as Manufacturing Data and Trade Wars Worsen
Dec 3 2019 · 13:33 UTC | Updated Dec 12 2019 · 13:41
by Tolu Ajiboye · 3 min read
Photo: Unsplash
The major indexes in the U.S. stock market have recorded sharp drops. There seems to be no major pointer to improvement as trade wars between U.S and others also continue to worsen.
On Monday, December 2, there was palpable disappointment in the finance atmosphere as the U.S. stock market's major indexes, including Dow, saw a sharp fall, the largest 24-hour loss in the last eight weeks. The loss has left quite a number of investors rattled as some believe that it might be an important factor in deciding how well or poorly the general stock market will end 2019.
For specifics, the Dow Jones Industrial Average (DJIA) ended the day at 27,783.04 points, losing 268.37, a 0.9% drop. A similar loss was seen with the S&P 500 as it lost 0.8%, shedding about 27.11 points to close at 3,113.87. The Nasdaq Composite Index, however, had the biggest percentage loss at 1.1% after it lost 97.48 points to finish at 8,567.99. One-day drops this sharp had not been seen since Oct 9.
Reports currently have it that the major reason for the loss was the weak manufacturing data with bad tales from the sector. Data from the Institute for Supply Management's purchasing manager's index showed that it fell from 48.3% in October to 48.1% in November. The acceptable standard sits at 50% and anything below is a sign that things aren't looking good. TD Ameritrade trader strategy manager Shawn Cruz stated:
"The ISM report wasn't encouraging, especially if you look at the new orders component. Construction also came in on the downside. This puts pressure on the other data points due this week, like the jobs number on Friday. Consumer sentiment will be another important data point on Friday."
Another possible reason for the stock market loss is the persistently worsening conditions regarding the ongoing trade war between China and the U.S. Commerce Secretary Wilbur Ross recently said that U.S. President Donald Trump is already looking to put more duties on Chinese imports into the United States, if there is no workable deal between the two countries soon enough. On China's end, the Xi Jinping administration has insisted that the U.S. must reverse the levies placed on its goods before any trade deals begin.
In addition to the China scuffle, Trump tweeted yesterday, that both Brazil and Argentina have enforced heavy currency devaluation which has adverse effects on American farmers. As a result, Trump says he will "restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries", effective immediately.
On the brighter side, the monthly average for these indexes has seen interesting gains. Even though the indexes began their losses the Friday before, the drops didn't leave them trading negatively for the whole month of November. The Nasdaq Composite shed 39.70, a 0.5% loss, but still pulled in a monthly gain of 4.5% as it closed at 8,665.47. The DIJA cemented a 3.7% monthly gain even though it lost 112.59 points representing -0.4%, ending at 28,051.41. The S&P 500 posted the least gain at 3.4% even though it also lost 12.65 points -0.4% – and finished at 3,140.98.
next Market News, News, Stocks
Author Tolu Ajiboye
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
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Do you know what Ackee is?
This form will be about weird stuff you didn't know before from food to people.
Ok its 50-50% if we can get at least up to 5% then I'll tell what Ackee is.
OK, We make it up to 5% I will now tell you about Ackee.
Ackee is a type of tropical fruit originally from the Caribbean.
An Ackee's buttery-nutty flavor is delicious and tastes a lot like scrambled eggs.
But if the flesh is eaten before the Ackee matures,it's poisonous. So are the fruit's large black seeds,even the water in which the Ackee is boiled is dangerous to drink.
Okay... I've decided I'll never eat Ackee. I'm scared I'll eat the poison one.
Now that you described what it looks like and what it is I do believe I have heard of Ackee before. I think I was watching a top ten poisonous foods video and that is where I heard about it.
Oh wait I do know what it is! Whatever.
Does anyone know what Zorbing is?
No but I could guess. Is it food?
Zorbing... sounds like Evil Emperor Zurg's favourite food.
@Amber it has nothing to do with Emperor Zurg.
Is it perhaps a tradition or ritual?
It's not a tradition or a ritual, do you guys give up?
Is it a Japanesse toy/app/something-else-in-that-futuristic-country?
Is it Buzz Lightyear's Fave video game?
Is it the name of somepony? Like Twilight Sparkle, Pinkie Pie, Rarity, etc.
Is it a type of dance like Zumba?
I'm not sure if Amber wants a hint but I concede. I'll take one hint please!
Ok, one hint coming right up. Hint #1 : Its a sport!
Australian rules Football? Wait, that's Rugby.
Nope, do you give up?
A sport where you have to sing while doing the sport?! Fine! I give up.
Finally I stumped you Zorbing is, well just image a hamster running inside a clear ball, you have some idea of what zorbing is all about. Only you're the hamster. In this extreme sport, you ride inside a large plastic ball down a slope. A zorb consists of two balls, a smaller one inside a larger one, connected by ropes to keep the balls turning as a unit. The air cushion that forms between the balls protects the rider from bumps. Both balls are made of see-through plastic. So how do you get in( and out of) a zorb?
Answer: YOU DON"T!! ( Just kidding there's a 2-foot-long opening for a rider to squeeze through.
Question: Where is Zorbing from?
Sounds like something silly enough for an Aussie to come up with. Oh wait, that's my nationality! Is it Australian?
No, but it was invented in New Zealand ( which is in Australia, but you were very close) in the early 1990s by Andrew Akers and Dwayne van der Sluis. Who wanted to create a device that would make it possible for them to walk on water. The two friends ended up with a prototype of a ball within a ball. The finished product did float, but it was impossible to steer. Even so, the men still thought they had a great idea and decided to patent and trademark thir invention. They called it the zorb. Before long, the partners hit on the bizarre idea of strapping people inside the zorb and rolling them down hills.
Amazing. Did you know Aussies invented the internet?
Amber: Really? I never knew that!
We always come up with something that the world thinks is wierd, then they want that thing!
That's because weird is cool. Weird is good.


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QualityHealth Home > Allergies Health Center > The Deadly Truth about Bee Sting Allergies
The Deadly Truth about Bee Sting Allergies
By Lisa D. Ellis
No one likes to be stung by a bee. But for the two million Americans with serious insect allergies, a bee sting is more than just a nuisance. It can also cause a serious, or potentially fatal, reaction if not treated promptly.
Stinging Allergies
The presence of bees, wasps, hornets, and yellow jackets are a common occurrence during the summer months. While no one wants to be stung by any of these flying critters, the good news is that for most people, such an incident usually causes an uncomfortable reaction that will resolve on its own without causing any side effects. If you're allergic to bee stings, however, then you're at risk for experiencing much more dangerous consequences.
The fact is that stinging insects contain toxic venom that they release through their stingers into their victim's skin. If this happens to you, in response to this intrusion, your blood vessels will become wider and this will enable the venom to move quickly through your body.
In a person without serious allergies, this may cause a localized reaction, such as swelling at the sting site, along with redness, pain, and itchiness. These symptoms can last for up to a few hours, and occasionally even longer, before resolving on their own.
For someone whose localized reaction is more dramatic, or who takes much longer for the swelling to go away, the risk of more dangerous reaction occurring in the future exists.
A Dangerous Scenario
If you're at risk for having a more serious bee sting reaction, then the bee's venom may trigger your immune system to spark into action and cause a systemic response. Such a situation can be life threatening and requires immediate medical attention.
The signs that you could be experiencing such a dangerous reaction to a bee sting can include:
Swelling and/or hives in large sections of your body
Chest tightness and difficulty breathing
Swollen tongue or throat
Dizziness or fainting
Severe blood pressure drop
It's also important to note that most people with a bee sting allergy don't experience such a serious reaction the very first time they are stung. The first sting can cause their body to become sensitized and as a result, future stings can suddenly become much more dangerous. That's why it's important to always be prepared for the worst-case situation.
If you're very allergic to bee stings, or if you're worried about experiencing a serious reaction, it's important to see an allergist and get tested to have your risk assessed. If it's high, you may benefit from being desensitized through allergy shots. Even people with mild allergic reactions can benefit from bee sting immunization therapy, according to the latest research.
You can also take some of the following easy steps to help discourage bugs from coming near:
Select dark colored clothing and avoid bright hues since these attract stinging insects to come explore.
Skip the perfume when you'll be heading outside, since sweet scents can serve as a magnet for bees.
Eat your meals indoors, since where there's food outside, there's usually bugs, including the stinging type.
Wear shoes outside to avoid stepping on a stinging bug.
If a bee does come approach, try to keep your cool and don't over-reaction, because this reaction can increase your likelihood of being stung.
Always carry an epi-pen just in case you experience a reaction.
Also keep in mind that when a bee stings someone in your vicinity, you should move far away from him, since the stinger releases a scent that can attract other insects to come near and put you at increased risk of becoming the next victim.
American Academy of Allergy, Asthma and Immunology (AAAAI)
http://www.aaaai.org/patients/allergy_asthma_issues/2009/summer/vit.asp
http://www.aaaai.org/members/academy_statements/position_statements/ps34.asp
http://www.aaaai.org/members/academynews/patient_update_handouts/0603.pdf
Allergy and Asthma Foundation of America (AAFA)
http://www.aafa.org/display.cfm?id=9&sub=22&cont=403
5 Foods That Fight Allergy Symptoms
Gluten Allergy, Gluten Intolerance, Celiac Disease: The Differences
The Raw Truth About Fruit and Vegetable Allergies
The Facts About Eosinophilic Esophagitis (EoE)
Allergies Health Center
Colds and Infections
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