Stocks close sharply lower as trade war worries linger

[Yo_Mama_Been_Loggin]

Stocks ended sharply lower Thursday as investors started to fear the U.S.-China trade war is slowing the economy.

The Dow closed down 286 points as United Technologies lagged. The S&P 500 lost 1.2%, while the Nasdaq shed 1.6%. The Dow fell more than 400 points at its lows but regained some of its losses in the final hour of trading as Intel turned around to close 1.2% higher.

The Dow is now down more than 380 points in two days as Wall Street begins to realize the trade war may last a lot longer than previously expected. Bond yields and crude oil also plunged on Thursday as the rising risk spread through other markets. The 10-year yield fell to its lowest since October 2017. The S&P 500 is down more than 4% so far in May along with the Dow.

“The trade landscape looks bleaker than ever,” said Adam Crisafulli, the executive director at J.P. Morgan, in a note. “Anyone bullish on the SPX has to be conducting a lot of soul searching at the moment.”

https://www.msn.com/en-us/money/markets/stocks-close-sharply-lower-as-trade-war-worries-linger/ar-AABClbE?li=BBnbfcN

[bearsfootball516]

1. The way the stock market moves on this trade war is the dumbest thing

One day, Trump says we’re getting close to a deal, and it jumps 300 points.

The next day, China says the opposite, and it drops 300 points.

Repeat for the last several months.

[TeamPooka]

2. Note to rich people: Those great tax cuts won't do you any good if Trump destroys the businesses

that make you the giant piles of money.

[Yo_Mama_Been_Loggin]

3. The stock market has largely stagnated since Trumpy's big tax cut