The Dow Jones Industrial Average has fallen for 4 straight days erasing gains from the past month. It’s the deepest pullback in 2012. In 2 days, the Dow fell by triple digits, a rare event. Although the Philippine market was closed Monday, Asian stocks followed and are again expected to follow Monday’s Dow decline of 130. 55 points or 1%. The trigger was a disappointing jobs report released Friday when the markets were closed so some say this is nothing more than a needed correction.
Read more on the Wall Street Journal and on Rappler.