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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDow dives 373 points as Trump drama rattles market
Stocks fell sharply Wednesday following reports of a memo from former FBI Director James Comey that says Trump asked him to stop the investigation of former national security adviser Michael Flynn.
The Dow ended 373 points lower Wednesday -- about a 1.8% decline. It's the biggest drop since September.
A key measure of market volatility also spiked. The common "I word" in the market lexicon -- inflation -- is now being replaced by whispers of impeachment.
http://money.cnn.com/2017/05/17/investing/stocks-trump-comey/
The Dow ended 373 points lower Wednesday -- about a 1.8% decline. It's the biggest drop since September.
A key measure of market volatility also spiked. The common "I word" in the market lexicon -- inflation -- is now being replaced by whispers of impeachment.
http://money.cnn.com/2017/05/17/investing/stocks-trump-comey/
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Dow dives 373 points as Trump drama rattles market (Original Post)
herding cats
May 2017
OP
NobodyHere
(2,810 posts)1. It might be a good time to buy pretty soon.
Worktodo
(288 posts)2. Thanks, Obama
Hahaha. Just kidding. Wish I had sold my stocks yesterday.
herding cats
(19,564 posts)4. Unless you're near retirement don't fret.
Trump will be gone eventually and things will straighten out again.
I only posted this because Trump bragged about how he was the reason for the markets recent rise. Looks like he may be the reason for a rapid decline as well.
gratuitous
(82,849 posts)3. Dang!
One of the nitwit brigade's parrot points have been to point to the stock market and its robust behavior in the last three months. Now it drops 373 points in a day? New parrot point needed!
herding cats
(19,564 posts)5. That was my take on this as well.
One less thing for Trump to brag about now.