The Dow Jones Industrial Average .DJI fell 665.75 points, below the psychologically important level of 26,000, which it had just broken through for the first time two-and-a-half weeks ago. The Dow's decline of 2.5% was mirrored in other major indices. The S&P 500 fell 2.2%, and the Nasdaq Composite declined 2%.
President Donald Trump declassified a memo produced by the Permanent Select Committee on Intelligence regarding the manner in which FISA warrants were approved in the Russia investigation. The memo was purportedly written by Devin Nunes, chairman of the Committee.
Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1%, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing.
Trading Technologies International, Inc. (TT) and Coinbase have announced today a strategic partnership to provide professional cryptocurrency trading functionality and market access to the institutional trading world.
Karan Rai, a member of the board of managers, was elected as the new Chairman of the Board. Rai is founder and CEO of ASGARD Partners & Co., a New York-based investment and advisory firm. He has served on the Board of Bcause since September 2016 and has been affiliated with the company since 2013. Previously, he was CEO of Theodor Wille Intertrade Inc. and President of ADS Inc.