US stocks were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.
The Dow plunged by 1,950 points Friday afternoon, or 4.82%, pulling back slightly after being down more than 2,000 points. The broader S&P 500 was 5.4% lower. The tech-heavy Nasdaq Composite was 5.36% lower and on track to close in a bear market — down more than 20% from its record high in December.
America had better get ready for the world calling Trump’s “negotiating tactic” bluff.
I like how the article’s title makes it sound like it’s China’s fault…
This is why I voted for Trump for his handling of the economy.
Biden would have crashed the markets if he stayed in.
If Kamala was president there would be people dying in Gaza right now!
And there wouldn’t be that peace between Ukraine and Russia that was accomplished in 24 hours.
He didn’t say which twenty four hours.
Yeah, wasn’t it Rubio or another sycophant who laid that gem on the world?
Not sure which of the cabinet said it first, but for anyone wondering–this isn’t satire. The “which 24 hours” is a real line Trump supporters are regurgitating.
You seem to have miscalculated.
Joyous cake day, though it seems it was you who miscalculated, they seem to be jesting.
Expect another 2-5k trim when the EU announces its retaliation.
I wonder how that guy who was all “LGBT rights or Economic Stability?” feels about the situation now…
he doesnt care. he is rich
So insensitive, his 10 billion is only 7.85 billion. How will they survive living like gutter trash?
Calm down, it will be stable for the next 2 days. 😋
Maybe, if you ignore reality
Reality is the next 2 days are Saturday and Sunday.
So relax and enjoy the weekend.I can’t. I’m on call.
I’ll enjoy it twice as hard to compensate.
You’re a team player.
Jokes aside, have a good weekend.
Holiday jokes are my favorite in the stock market
Don’t care about the grand casino lines and neither should you, unless you look at the fancy lines you personally invested in.
The bigger coming bomb will be when those tariffs actually catch up with domestic consumption (going down hard because no one has money anymore to pay for all of this), leading to mass layoffs, leading to even more reduction in consumption because even less people have money, leading to more layoffs, leading to… Mass austerity that will eat up the savings reached by dismantling the government, because of the brutal tax losses for the remnants of said government.
Americans should be angry because most American retirement plans are heavily rooted in the stock market these days.
America’s right has been pretty relentlessly trying to get people out of pensions and into 401Ks for decades, and now that same party is blowing up the economy yet again.
It isn’t just our retirement plans, it’s also our jobs that are tied to the market. When stock prices drop, then companies start tightening their belts, which usually involves layoffs.
America’s right has been pretty relentlessly trying to get people out of pensions and into 401Ks for decades
Not just pensions. They’ve also been trying to get rid of Social Security in favor of private retirement accounts invested in the stock market for decades now.
the savings reached by dismantling the government
As I understand that’s also not showing the results they’d hoped to see based on calculations they were and are pulling directly out their asses.
Our glorious leader is so smart. He can destroy the country and the idiots will still follow him.
deleted by creator
Communist shark
Juan.
Watching my retirement account get kicked in the balls sure feels great. I’m feeling so liberated.
Liberating dollars from American pockets
The biggest worry I have is that to obfuscate things, Trump is going to do something even more stupid in the next coming days.
Every time he awakens is stupid.
Please let me know when to buy.
!remindme 2029
You love to see it, folks!
Mhm, stockpiling in inverse positions was the right choice! Thank god I can at least earn some money while watching the world burn…
Is there a site with a list of stats, some stuff like current stock index prices, interest rates, employment rate, and then some more basic stats like gasoline prices, egg prices, milk prices, etc, from before inauguration day and today with diff?
This has to exist somewhere already right?
Sounds like you’re asking for the Consumer price index. Not sure how often it gets calculated though
