Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

left-of-center2012

(34,195 posts)
Mon Dec 24, 2018, 05:40 PM Dec 2018

Dow has worst Christmas Eve on record, S&P enters bear market

The Dow Jones Industrial Average had its worst recorded Christmas Eve day of trading Monday, dropping more than 640 points, while the S&P 500 dropped more than 50 points and entered a bear market, a 20 percent fall from its peak in August.

The dismal day of trading followed the Dow's worst week since the financial crisis in 2008. The continued market decline followed tweets from President Trump attacking the Federal Reserve.

Markets are on track to have their worst December since 1931, at the height of the Great Depression. They are in the red for the entirety of 2018.

According to CNBC, the second worst Dow performance on Christmas Eve was more than 30 years ago, in 1985, when it fell just over 0.6 percent. Monday's close drop amounted to 2.9 percent.

https://thehill.com/policy/finance/422763-dow-has-worst-christmas-eve-on-record-sp-enters-bear-market

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Dow has worst Christmas Eve on record, S&P enters bear market (Original Post) left-of-center2012 Dec 2018 OP
Trump's gift to all of us. Turbineguy Dec 2018 #1
Hey, elect an incompetent grifting sack of shit thegoose Dec 2018 #2
Trump just gave everyone a lump of big beautiful coal Yo_Mama_Been_Loggin Dec 2018 #3
That's trump Andy823 Dec 2018 #4
Who is to blame for this? ProudLib72 Dec 2018 #5
Everything Trump Touches Dies Lock him up. Dec 2018 #6
 

thegoose

(3,115 posts)
2. Hey, elect an incompetent grifting sack of shit
Mon Dec 24, 2018, 05:52 PM
Dec 2018

And what do you think you get, MAGATS?????? 👹👹👹👹👹👹

Andy823

(11,495 posts)
4. That's trump
Mon Dec 24, 2018, 05:58 PM
Dec 2018

Only the biggest and best drop in history of the dow, no messing around, when trump wants to screw things up he is the best at it!

ProudLib72

(17,984 posts)
5. Who is to blame for this?
Mon Dec 24, 2018, 06:00 PM
Dec 2018

It's certainly not Rump. Must be Dems or Obama or maybe HRC.

In case you couldn't tell

Latest Discussions»General Discussion»Dow has worst Christmas E...