By Paul Schmitt
Investors are being advised to stay the course after another volatile day on Wall Street. The Dow Jones Industrial Average rallied to finish up $79.4 points on Friday after falling over 600 points during the day. According to the Associated Press, the Dow Jones had the second-biggest plunge ever in terms of points on Thursday falling over 1,000 points for the second time in four days. Casey St. Henry from Thrivent Financial says new investors need to be prepared for ups and downs in the market.
An over 10 percent drop in the stock market since the high of over 26,000 on January 26 is the first correction in over two years. The Dow Jones closed at 23,939.86 for the week on Friday. St. Henry recommends that new investors meet with a financial professional for a well-thought plan and strategy before investing in the stock market.