Wired PR News.com – Investors felt a renewed sense of worry after Wednesday’s 500 point plunge of the DOW Jones Industrial Average. As reported by the Associated Press, the stock market tumble rekindled recession fears a day after the election as investors responded with unloading their worrisome stocks.
Some have stated that the country is already in a recession that isn’t expected to go away anytime in the near future. Several companies have responded to the economic and financial troubles with mass layoffs and job cuts, which have given some even more reasons to be afraid for their financial future. Goldman Sachs Group Inc. is one of the most recent companies to announce multiple firings. The corporation plans to let go of 3,200 employees.
A number of factors have reportedly escalated fears within the market, including the anxiousness of how the next administration will handle the heavily burdened economy that will be handed to them.