Mass. financial advisors react to Dow Jones closing down 1,100 points [Video]

LATEST DEVELOPMENTS RIGHT NOW FROM OUR NEWSROOM. EMILY ED MARIA A TOUGH DAY FOR THE MARKETS. THIS COMES AFTER THE FEDERAL RESERVE PENCILING JUST TWO RATE CUTS FOR NEXT YEAR, INSTEAD OF THE FOUR THAT HAD BEEN ON THE RADAR. STOCKS TAKING A MAJOR NOSEDIVE ACROSS THE BOARD. THE DOW SEEING AN 1100 POINT DROP, THE LARGEST SINGLE DAY DROP SO FAR THIS YEAR. THE FED SAYING TODAY IT IS CUTTING ITS MAIN INTEREST RATE FOR THE THIRD TIME THIS YEAR. BUT THE BIG QUESTION IS HOW MUCH MORE? THE FEDERAL RESERVE COULD CUT NEXT YEAR. OUR FINANCIAL EXPERT LAYS OUT WHAT THIS COULD MEAN FOR YOU. MARKETS SOLD OFF TODAY BECAUSE ONE OF THE MAIN ENTITIES IN CHARGE OF OUR ECONOMY SAID THAT THEY’RE EXPECTING MORE GROWTH. A ROBUST LABOR MARKET. YOU KNOW, THINGS THAT ARE FUNDAMENTALLY GOOD FOR OUR ECONOMY, THAT MIGHT NOT BE GREAT FOR STOCKS IN …