Google searches for 'dow jones' are up 27% -- and that may be a bad sign.
Nicholas Colas, co-founder of DataTrek Research, observed on Aug. 8 that Google searches for “dow jones” were higher than they were in May, when the blue-chip Dow Jones Industrial Average DJIA, -0.47% retreated 6.7% and the S&P 500 index SPX, -0.32% suffered a 6.6% decline due to a flare-up in U.S.-China tensions over trade policy. Through Monday, the Dow was down 3.6% this month, while the S&P 500 was down 3.4%.
So what? While the S&P 500 index is indeed the preferred measure of U.S. stock-market performance and the benchmark for funds, Colas said that “Main Street googles ‘dow jones’ when they are worried about stock-market volatility.” The concern for investors is that stock market volatility and more chatter about recession indicators flashing warning signs could lead to make U.S. consumers more cautious headed into the 2019 holiday season, he said.
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