Here is what you need to know.
Stocks are set to drop at the open. The Dow Jones industrial average is set to open lower by about 250 points, or 1%. The weakness comes following a mixed overseas session that saw China’s Shanghai Composite (-1.82%) lag in Asia and Britain’s FTSE (+0.69%) lead in Europe.
Goldman Sachs says there are 3 areas of the stock market to buy following the meltdown. The bank says cyclicals, companies with low labor costs, and companies with strong balance sheets should be scooped up because of their dislocation from the drivers of this week’s madness.See the rest of the story at Business Insider
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