Volatile Stock Markets Around the World
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Volatile Stock Markets Around the World
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Stocks plummeted on Monday, leading to panic among much of America. Are we on the brink of a recession? How will this affect November?
From AP News. Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
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The S&P 500 was down by 2.4% in midday trading and on track for its worst day since 2022. The Dow Jones Industrial Average was reeling by 864 points, or 2.2%, as of 11:40 a.m. Eastern time, and the Nasdaq composite slid 2.7%.
The drops were just the latest in a global sell-off that began last week. …
It was the first chance for traders in Tokyo to react to Friday’s report showing U.S. employers slowed their hiring last month by much more than economists expected. That was the latest piece of data on the U.S. economy to come in weaker than expected, and it’s all raised fear the Federal Reserve has pressed the brakes on the U.S. economy by too much for too long through high interest rates in hopes of stifling inflation.
Professional investors cautioned that some technical factors could be amplifying the action in markets, but the losses were still neck-snapping. …
Even gold, which has a reputation for offering safety during tumultuous times, slipped 1%.
That’s in part because traders began wondering if the damage has been so severe that the Federal Reserve will have to cut interest rates in an emergency meeting, before its next scheduled decision on Sept. 18. …
The U.S. economy is still growing, and a recession is far from a certainty. The Fed has been clear about the tightrope it began walking when it started hiking rates sharply in March 2022: Being too aggressive would choke the economy, but going too soft would give inflation more oxygen and hurt everyone. …
Some of Wall Street’s recent declines may also simply be air coming out of a stock market that romped to dozens of all-time highs this year, in part on a frenzy around artificial-intelligence technology and hopes for coming cuts to interest rates. Critics have been saying for a while that the stock market looked expensive after prices rose faster than corporate profits. …
Making things worse for Wall Street, Big Tech stocks also tumbled as the market’s most popular trade for much of this year continued to unravel. …
Worries outside corporate profits, interest rates and the economy are also weighing on the market. The Israel-Hamas war may be worsening, which beyond its human toll could also cause sharp swings for the price of oil. That’s adding to broader worries about potential hotspots around the world, while upcoming U.S. elections could further scramble things.
Wall Street has been concerned about how policies coming out of November could impact markets, but the sharp swings for stock prices could affect the election itself.
The threat of a recession is likely to put Vice President Kamala Harris on the defensive. But slower growth could also further reduce inflation and force former President Donald Trump to pivot from his current focus on higher prices to outlining ways to revive the economy.
Share your prayers for the economy below.
(Excerpt from AP News. Photo Credit: Spencer Platt/Getty Images)
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WE NEED TO FOCUS ON GOD’S ECONOMY RATHER THAN MAN’S.
Where will we put our trust? Not in gold, not in paper money, coins, or earthly treasure.
Psalm 35:27 b….”The Lord be exalted, who delights in the well-being of His servant.”
God will delight in His Servants and keep them, saving them, hiding treasure in Heaven for those who are faithful to serve Him with humble hearts, tithes and offering, prayer and fasting. Don’t worry about tomorrow, God’s hand is on all our life; today and tomorrows.
“Dishonest money (printing as wanted) dwindles away, but he who gathers money little by little makes it grow.” Prov. 13:11 Help us get wisdom and guidance from our all wise God. You care for and lead your children. Protect us and give wisdom beyond our understanding, oh, Lord!
Lord, you do care about our finances and the money that we’ve earned through hard work. I know in this hour you are protecting Christians in their finances in so many ways. Help those who have an abundance to look for ways to support those who don’t have enough; especially families. Give people who are food insecure creative ways to bring what they need into their homes. Protect and improve our economy. Help those who needs jobs find jobs that will pay the wage they need to pay bills and support their families. Bless your people, Lord. Bless those who don’t know You yet. Help us to esp share with those don’t know you. The hour is short. Help us to watch and pray. Bless you holy Lord, in the name of Yeshua, Amen.
God is our financial Source, not the Government or the stock market. If we honor Him with our tithes and offerings, we can rest knowing He will “rebuke the devoured” and supply all our needs. Lord use this shaking to cause your people to be more established in your unshakable Kingdom and be a witness to those who trust in shaky worldly systems. Psalm 23.
Oh what a tangled web we weave, when first we practice to decieve.
The world’s economy is as fragile as the weakest egg in my henhouse.!!! Without a war the globalists could swiftly rise to power by an economic meltdown resulting from our impossible debt and unstable stock market.
Our ONLY hope is to put this in the hands of the Father!! Lord God we come to you through fasting prayer and intercession. . We stand in the gap for America and unite our cry for your mercy in judging us. We remind you of your first design for America to allow your followers freedom to expand your kingdom !!! May we remember and return to that ideal . We also take authority over satans plan to cripple our economy and we pray that your children will gain control .In our beloved saviors name we bow before you this day.. Amen and Hallelujah!!!
Father, it’s always good to have a slight correction to help stabilize economies around the world. Protect people from turning to panic. Help all forms of media to bring calm, not panic. These days we need to observe percentage not just points because the stock market is so high. Father, help us to be of sound mind and to put our full trust in You, and You alone. Help us to hear Your voice in these matters. Thank You. Amen.
Father you said in Your Word, The gold and silver are mine. Grant us mercy and forgive our sins as we have not stayed true to You as THE first love of our lives. we have put money before You and so much of our way of living is to snub You. Forgive us that we have forgotten that our founders made covenant with You and that You take that seriously. The globalist agenda was never the pattern for America. Fill us with a holy fear of the Lord, in Jesus Name, amen.