A Fargo financial adviser reassured investors after the Dow Jones Industrial Average fell more than 650 points Tuesday, saying these soft periods happen nearly every year.
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FARGO — A local financial adviser is urging investors to remain patient following a significant stock market dip that saw the Dow Jones Industrial Average fall by more than 650 points Tuesday.
U.S. stocks declined after President Donald Trump said that previously-announced tariffs on Canada and Mexico would be enforced this week.
Brian Bruce, a financial adviser with Honeycomb Financial, said this kind of market downturn is not as unusual as it may seem.
“What people sometimes lose sight of, is these 5 or 10% pullbacks in the market, which is where we’re at right now,” Bruce said. “I think the S&P 500 is down about 5% on the year, and the Nasdaq, which is more technology-heavy, is closer to 10%. These are pretty typical.”
Bruce added that the U.S. typically sees a period of market decline like this about once a year, making it a fairly regular occurrence.
Ryan McNamara joined WDAY as a reporter in late 2024. He is a native of Brooklyn Park, Minnesota and graduated from St. Cloud State University in 2024.
His time as a Husky included copious amounts of time spent at “The Herb” reporting on Husky hockey, or at Halenbeck Hall calling Husky basketball. He also spent two summers with the Northwoods League’s St. Cloud Rox. Along with his duties in news and sports, Ryan dons a headset for occasional play-by-play broadcasts for North Dakota and Minnesota high school sports.
When he’s away from the station, he’s most likely lifting, finding time to golf, or taking in as much college basketball as possible, in order to complete the elusive perfect March Madness bracket.