Hardly even news these days.....Dow down -406

[spanone]

Dow drops 400 points on new tariffs and global economic troubles

New York (CNN Business)The Dow and the broader stock market headed shaprly lower on Tuesday. Investors' sentiment soured after US tariffs on Chinese imports came into effect over the weekend, and concerns about Brexit and manufacturing also kept global markets lower.

US stocks opened lower across the board, with the Dow (INDU) sharply down, shedding more than 400 points. The S&P 500 (SPX) and Nasdaq Composite (COMP) both traded 1.1% lower, respectively. Stocks extended their losses after worse-than-expected manufacturing data.

The Institute of Supply Management's manufacturing index for August came in at 49.1 — its lowest level since January 2016, and worse than the 51 number expected. A level below 50 indicates that the sector contracted. August marked the first time in three years that the US manufacturing sector shrank.

Earlier, the less-closely watched manufacturing purchasing managers' index for August came in at 50.3, slightly better than expected.

https://www.cnn.com/2019/09/03/investing/dow-stock-market-today/index.html

[safeinOhio]

1. Trade Wars

are easy to win.

[Newest Reality]

5. The Empire Strikes Back!

[Johnny2X2X]

2. US Manufacturing Contracted

Trump's lies about a deal being imminent with China were just market manipulation.

What's crazy is that even most DUers don't know that the stock market has been awful for the last 20 months or so. 2018 was a down year for the markets and 2019 is not much better. All of the gains happened under Obama or in 2017 when Obama's tax policies were still in effect.

I'd bet the average Trumpster thinks the stock market has just been fantastic the last 2 years solid. It hasn't, 401Ks have been stuck in 1st gear or neutral for a long time.

[spanone]

3. ⇧ ⇧ ⇧ ⇧ ⇧ ⇧ ⇧ ⇧⇧ ⇧ 👍🏼

[madville]

4. Why would it be news to anyone except day traders?

It goes up and down, just set an all-time high mark in July. Year to date it is +2700, if a one day drop of a few hundred points should be news, should a sustained net gain of around 12% in 8 months be bigger news?

[elleng]

6. 'Back to school'

S&P 500
-0.77%
Dow
-1.29%
Nasdaq
-0.81%

[mahatmakanejeeves]

7. Book larnin's to blame. Anyone can see that. NT

[PoindexterOglethorpe]

8. That's about 1.5% or so.

Not so large a drop.

Day traders might possibly be making or losing a lot of money, but those who buy and hold for the long term are doing just fine.

Yeah, I'm sure that at some point the Dow will pull back 20%, maybe more, but I'll still be well ahead given how long ago I originally got in the market.

Trying to time the market is a fool's game. Don't do it.

[Disaffected]

14. Needs to be said

over and over.

[global1]

9. Now What Did Trump Say Or Do To Make The Market Go Down?.......

And what will he say or do in the next day or two - to get the market back up?

[spanone]

11. his 'policies' ain't workin'

The Institute of Supply Management's manufacturing index for August came in at 49.1 — its lowest level since January 2016, and worse than the 51 number expected. A level below 50 indicates that the sector contracted. August marked the first time in three years that the US manufacturing sector shrank.

[Champp]

10. Stupid stupid republican economics

Any political party that thinks spending our tax dollars so a billionaire can go luxury golfing while there's a Cat 5 hurricane banging on the door, can readily screw up the entire economy, as republicans are again demonstrating.

[DFW]

12. TXN seems to be following

Texas Instruments, a bellweather stock local to Dallas, is also down 1.5%

Plus, the dollar suddenly dropped half a cent against the Euro and gold shot up more than $20 over Friday's close.

[redstatebluegirl]

13. But it will trickle down right???