Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States... see more

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AltaGas Ltd > longest weekly losing streak in nearly a century.

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Post by bossu on May 20, 2022 12:33pm

longest weekly losing streak in nearly a century.

Cash is king !

The stock market selloff has left the Dow Jones Industrial Average on track for its longest weekly losing streak in nearly a century.

After opening the day higher, the Dow (INDU) turned negative and was down about 270 points, or 0.9%, in recent trading. The Dow is off by nearly 4% so far this week.

If the Dow finishes down for the week, which it is solidly on pace to do, it would be its eighth-straight weekly loss. That would be the longest weekly losing streak since 1923, according to FactSet data reviewed by LPL Financial.

The long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation -- and what the Federal Reserve will have to do to get prices under control

The long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation -- and what the Federal Reserve will have to do to get prices under control.

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