U.S. stocks slid, capping the first weekly drop for the Standard & PoorÃ¢â‚¬â„¢s 500 Index in more than a month, as lower-than-estimated consumer confidence added to concern a five-month rally outpaced prospects for the economy.
Keys: Stock market, economy, finance, investing, business cycle
Questions for discussion:
- Do you agree that stocks are overvalued at the moment?
- Do you think investors will continue to push stock prices higher over the remainder of the summer? Explain your thinking.
- If you were investing in stocks with the intention of holding your portfolio for at least one year, which stocks would you be buying? Which would you stay away from? Explain your thinking.