Friday March 22, 2019

// March 22nd, 2019 // Daily News

Dow drops 350 points as fears of global slowdown persist, Nike and Boeing fall

CNBC.com

Stocks dropped on Friday as jitters over the global economy were sparked by dreadful manufacturing data out of Europe and the Federal Reserve’s cautious outlook on the U.S. economy.
The Dow Jones Industrial Average traded 300 points as Nike shares underperformed. The S&P 500 fell 1.1 percent, led by declines in the energy and financials sectors. The Nasdaq Composite declined 1.3 percent.
“There’s a host of worries out there and those worries continue to mount,” said Peter Cardillo, chief market economist at Spartan Capital Securities. “The fear of recession is increasing.”
“As a result, we have a market that is rethinking some of the optimism that was priced in.”
Nike shares also pressured stocks. The athletic apparel company’s stock fell 5.2 percent on the back of weak quarterly sales growth in North America.
IHS Markit said Friday that manufacturing activity in Germany dropped to its lowest level in more than six years in March. In France, manufacturing and services slowed down to their lowest levels in three months and two months, respectively. For the euro zone as a whole, manufacturing fell to its lowest level since April 2013.

Today’s Inspiration

Thoughts of the Heart

The Bible says a tree is known by its fruit, and the same is true of you. You can look at a person’s attitude and know what kind of thinking is prevalent in their life. A sweet, kind person does not have mean, vindictive thoughts. By the same token, a truly evil person does not have good, loving thoughts.

Your thoughts bear fruit. Think good thoughts and the fruit in your life will be good. Think bad thoughts and the fruit in your life will be bad. Remember Proverbs 23:7 (AMPC) and allow it to have an impact on your life: For as you think in your heart, so are you.

Prayer Starter: Thank You, Father, for the power of Your Word to renew my thoughts and transform every single area of my life. Help me to be aware of what is going on in my mind and to constantly choose positive, uplifting, faith-filled thoughts from Your Word. In Jesus’ Name, Amen.

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