(Harvest) Recently, we’ve seen equity markets pull back amid concerns that rising rates, inflation and slower growth could erode profitability for companies.
On Monday, February 5th, the US equity market experienced a sudden bout of volatility. The Dow Jones Industrial Average logged its largest-ever point decline to close down just over 1,175 points, although it had briefly dropped nearly 1,600 points during the day. It was the index’s largest one-day percentage decline since August 2011. The ripples were felt around the world as Asian and European equity markets followed suit on Tuesday, February 6.