Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
The volitive stock market took another dive as the Dow slid 313 points on Monday and plunged biotech stocks way lower. The S& P lost 2.6%.
The Nasdaq experienced steeper losses, shedding 3%. It was the Nasdaq’s worst one-day decline since August 24, the day the Dow took an unprecedented 1,000-point nosedive.
Biotech stocks have stumbled amid concerns that political pressure will end steep drug price increases.
The iShares Nasdaq Biotechnology ETF plummeted 6.3% on Monday, its biggest one-day loss since 2011.
Blue chips comprising the Dow temporarily ducked below 16,000 at one point, the first time the index has fallen below that mark since Aug. 25.
“Investors are in a more conservative mood right now. The higher the valuation of a sector, the more vulnerable it is,” said David Kelly, chief global strategist at JPMorgan Funds.
