Dow drops 250 points as US-China trade, Hong Kong protest tensions rise

[Yo_Mama_Been_Loggin]

Stocks fell on Monday as the intensified Hong Kong protests soured investor sentiment already aggravated by the trade dispute between Washington and Beijing.

Selling on Wall Street continued as the increasingly violent protests in Hong Kong turned into its most serious crisis in decades. Hong Kong International Airport cancelled all departures for the remainder of the day, citing serious disruptions due to intensifying protests.

Dow Jones Industrial Average fell about 284 points, or 1.08%, while the S&P 500 fell 0.93%. The Nasdaq Composite is down 0.89%.

Investors keep rushing to traditional safe havens like Treasurys amid the geopolitical uncertainties. The benchmark 10-year Treasury yield, which fell to its lowest since 2016, continued its slide on Monday, dipping 3.9% to about 1.66%.

https://www.msn.com/en-us/money/markets/dow-drops-250-points-as-us-china-trade-hong-kong-protest-tensions-rise/ar-AAFzdHm?li=BBnbfcN

[Faux pas]

1. The orange thing

is working hard at blowing up the whole planet. putin must be so proud of the puppet boy.

[Johnny2X2X]

2. Stock market has been a dog for almost 2 years now.

Since Trump's tax rates went into effect the DOW is up a tad over 4 points. That's almost 20 months that have been really bad for investors.

DOW now down 350.

[gratuitous]

4. Which is why Trump's supporters don't talk about the market

They're stuck on unemployment numbers and how great thing are for black workers. Curiously, they can never quite articulate what Trump has done that led to lower unemployment.

[Johnny2X2X]

5. He inherited near full employment

Job growth has actually slowed under Trump, basically Obama got us where we are for jobs.

We were promised that Trumps low corporate tax rates would be a boon for the markets. They have produced 4% growth in the 20 months since they’ve been in effect. Which is awful.

[Meadowoak]

3. Dow down 440 pts now.

[former9thward]

6. Didn't last too long did it?

Of course no one ever posts when the market goes up.