SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets plunge on global slowdown fears

22 Aug 2015 Evaluate

The US markets plunged on Friday, as fears about China’s economy and global growth spurred heavy selling, with the main indexes posting massive one-day selloffs and their biggest weekly declines in nearly four years. An early gauge of China’s factory activity fell to a 6½-year low in August. The data come over a week after Beijing’s surprise move to devalue China’s currency on August 11. Investors had been preparing for the US Federal Reserve to raise its benchmark interest rate in September. However, the central bank has been sending mixed signals. Investors also pointed to other reasons behind the recent sell-off, such as falling prices for oil and other commodities. Oil prices dropped below the key $40 level for the first time since 2009. On the economy front, US manufacturers continued to expand in August but the pace of growth tapered off to the slowest rate since October 2013. The Markit flash PMI index dipped to 52.9 from 53.8 in July. Readings over 50 indicate that more manufacturers are growing instead of contracting. Some companies stated that the growth outlook to become more cloudy partly because of a stronger dollar that’s hurting exports. As a result, companies are taking a more cautious stance on hiring new workers.

The Dow Jones Industrial Average lost 530.94 points or 3.12 percent to 16,459.75, the Nasdaq dropped 171.45 points or 3.52 percent to 4,706.04, while the S&P 500 was down by 64.84 points or 3.19 percent to 1,970.89. 

The Indian ADRs ended in red on Friday, Dr. Reddy’s Lab was down 2.53%, Tata Motors was down 1.21%, ICICI Bank was down 0.29%, Infosys was down 0.26% and HDFC Bank was down by 0.25%.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×